2012 cbid annual meeting presentation
TRANSCRIPT
Nashville District Management Corporation
November 29, 2012
ABOUT THE CBIDCBID Area: 371 acres, 90 blocks in downtown Nashville
Current 10-year term: January 1, 2008 – December 31, 2017
Management agreement with Nashville Downtown Partnership toprovide wide range of CBID services
TOP PRIORITY FOR CBID BUDGET
• Public Space Management– Clean Team– Safety Team/Hospitality Ambassadors– ADDED July 1, 2011: OUTREACH COORDINATOR– Landscaping and Beautification
55% of TOTAL 2010-2011 CBID BUDGET
57% of TOTAL 2011-2012 CBID BUDGET
PUBLIC SPACE MANAGEMENT YTD in 2012 the Clean Team:
• Removed over 93,500pounds of trash and 5,680 square feet of graffiti
• Power washed 859 block faces and 1,121 alleys
2,800 mileslogged on
SegwaysYTD
TRACKING SYSTEM
• The Clean and Safe TeamsUse the Eponic tracking system to record and track progress on workorders and assignments.• Hand-held devices provide them asearchable database of businesses and walkingdirections– as well as printouts for visitors.
Hospitality Ambassadors offer visitors guidebooks, maps and printouts--YTD over 12,000 printouts and 3,000 discount coupons!
PROGRESS ON OUTREACH
• Since July, 2011, a full-time Outreach Coordinator with specific target group (top 50 with highest number of arrests within CBID, in need of housing and services)
• To date, 17 clients (with a 3-year total of 2,094 arrests) have received assistance through this outreach
PROGRESS ON OUTREACH
• Of these, 15 were placed in housing with wraparound social services and 7 have already transitioned into apartments funded by vouchers or their own incomes
• Another 3 clients are being processed now• Two others were reunited with their families
through the Homeward Bound program
HOMEWARD BOUND
• One-way transportation to families, jobs or services for 442 individuals since June, 2008 (cost: $64,856)
• These 442 people had 3,431 arrests downtown (estimated cost of $3.4 million)
• 74 assisted YTD 2012 ($12,477 for bus tickets)
LIVE DowntownIn 2012, 6,056 people do!
Appeal of Urban Living
Urban Experience 51%Central Location, Convenience 44%
Nightlife 34%
Close to Work 28%
Downtown Residential SurveyJuly, 2012
Rental Demand Soars!
Highest ever rental occupancy–98%
1,836 rental units now; 356 under construction and 754 more planned
Downtown Residential Sales• Average of 190 sales per year in 2009, 2010 and 2011• 209 closings, January- November 28, 2012• Only 2 developer-owned units remain on the market and 52 re-sales (2.5-month inventory)
LIVE IT UP! 2012 Tour
Since 2004, over 10,000 people have come to these annual tours; total economic impact of $50 million in sales and leases.
Growth in Key Retail Areas
• SoBro adds two new locally owned restaurants
• Major arts district on 5th Avenue North – 20 galleries
Etch
• 2011 retail openings: 36
2012 Retail Update• 48 new retail businesses opened or announced between January 1 and November 29, 2012• 28 food establishments• 14 shopping options• 6 music and nightlife
79 Downtown Nightlife Venues
Downtown Amenities16 coffee shops14 barbers, hair salons, nails11 massage therapy11 fitness centers/dance studios9 bakeries
6 ice cream/yogurt shops4 post offices4 florists2 urban grocery stores1 urgent care center
182 Downtown Dining Options
7.5 million square feet commercial office inventory downtown
Dynamic downtown presence since 2009; continuing to add hundreds of jobs
In 2012, Asurion brings 500+ new downtown jobs to SoBro’s Gold LEED certified Ragland Building
333 Commerce Adds New Long-term Tenant Leases
h3gm (2012) Pillsbury Winthrop Shaw & Pittman (2012)Littler Mendelson (2013) and U S Bank (2013)
h3gm at 333 Commerce
Creative Artists Agency Moves Downtown
Downtown Employee Appreciation Week
90% of employees say working downtown is FUN! We celebrated again October 1-5.
Downtown has a“walker’s paradise” rating onwalkscore.com
In 2012, 447 Hanging Flower Baskets on Eight Downtown Streets
GETTING AROUND
WeCar
Nashville B-CycleDecember 13th
Launch Date
Ryman Auditorium
Pollstar Theatre of the Year for both
2012 and 2011
Bridgestone Arena: 2nd consecutive year in Pollstar’s Top 10 for U.S. Concert Attendance
Since 2010, Bridgestone Arena hosted 15 of the 25 highest grossing North American tours.
Makeover of Historic Ryman Alley
Completed in April, 2012
Named one of the Top 100 Hotels in the World and 4th Best Large City Hotel by Travel + Leisure
Live on the Green at Public Square Park
Free Weekly Concerts on Six Thursdays Each Fall
INVEST
Over 1,000 People At Each First Saturday Art Crawl
Image & Communications
8% of TOTAL 2010-2011 CBID BUDGET
7% of TOTAL 2011-2012 CBID BUDGET
Guidebooks: two editions per year, 35,000 copies each
Downtown Details: weekly e-newsletter
Mobile app for nashvilledowntown.com
Website event calendar (online submissions available for businesses)
parkitdowntown.com
2012 Board of Directors
Thank you to outgoing Board members!
• Bert Mathews, 2012 Chairman
• John Fleming
• Richard Fletcher
• State Representative Mary Pruitt, Ex Officio
Nominees for 3-Year Board Terms, 2013-2015
Zack LiffDZL Management/Cummins Station
Frank LewisFirst Baptist Nashville
Hugh QueenerPinnacle Financial
Partners
Brenda SandersonViridian condo;
Broadway
“To make downtown Nashville the compelling urban center in the Southeast in which to LIVE, WORK,
PLAY and INVEST.”