As South Street’s business district untangles ‘uncommon’ levels of mismanagement, the neighborhood’s revitalization efforts are at risk

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South Street Headhouse District represents more than 450 businesses and currently faces significant debt.

As South Street’s business district untangles ‘uncommon’ levels of mismanagement, the neighborhood’s revitalization efforts are at risk

abruptly left the organization last summer after 11 years at the helm. As SSHD’s board searched for a new director, they discovered the extent of the organization’s economic problems.The new director, Eleanor Ingersoll, took over last year, and has hired an outside firm to audit the organization’s books. In the meantime, she’s

The SSHD’s financial issues were further complicated due to a state law that requires BIDs to have a five-year plan, including a budget, approved by City Council. SSHD’s last municipal authorization lapsed in late 2022 and was not renewed until Dec. 14, 2023, just weeks before Ingersoll took over. At a November 2023 board meeting, according to several attendees, BID members learned that SSHD had little money left in its bank accounts.

 

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