2012 cbid annual meeting presentation

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Nashville District Management Corporation November 29, 2012

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Page 1: 2012 CBID Annual Meeting Presentation

Nashville District Management Corporation

November 29, 2012

Page 2: 2012 CBID Annual Meeting Presentation

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

Page 3: 2012 CBID Annual Meeting Presentation

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

Page 4: 2012 CBID Annual Meeting Presentation

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

Page 5: 2012 CBID Annual Meeting Presentation

2,800 mileslogged on

SegwaysYTD

Page 6: 2012 CBID Annual Meeting Presentation

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.

Page 7: 2012 CBID Annual Meeting Presentation

Hospitality Ambassadors offer visitors guidebooks, maps and printouts--YTD over 12,000 printouts and 3,000 discount coupons!

Page 8: 2012 CBID Annual Meeting Presentation

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

Page 9: 2012 CBID Annual Meeting Presentation

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

Page 10: 2012 CBID Annual Meeting Presentation

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)

Page 11: 2012 CBID Annual Meeting Presentation

LIVE DowntownIn 2012, 6,056 people do!

Page 12: 2012 CBID Annual Meeting Presentation

Appeal of Urban Living

Urban Experience 51%Central Location, Convenience 44%

Nightlife 34%

Close to Work 28%

Downtown Residential SurveyJuly, 2012

Page 13: 2012 CBID Annual Meeting Presentation

Rental Demand Soars!

Highest ever rental occupancy–98%

1,836 rental units now; 356 under construction and 754 more planned

Page 14: 2012 CBID Annual Meeting Presentation

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)

Page 15: 2012 CBID Annual Meeting Presentation

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.

Page 16: 2012 CBID Annual Meeting Presentation

Growth in Key Retail Areas

• SoBro adds two new locally owned restaurants

• Major arts district on 5th Avenue North – 20 galleries

Etch

Page 17: 2012 CBID Annual Meeting Presentation

• 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

Page 18: 2012 CBID Annual Meeting Presentation

79 Downtown Nightlife Venues

Page 19: 2012 CBID Annual Meeting Presentation

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

Page 20: 2012 CBID Annual Meeting Presentation

182 Downtown Dining Options

Page 21: 2012 CBID Annual Meeting Presentation

7.5 million square feet commercial office inventory downtown

Page 22: 2012 CBID Annual Meeting Presentation
Page 23: 2012 CBID Annual Meeting Presentation

Dynamic downtown presence since 2009; continuing to add hundreds of jobs

Page 24: 2012 CBID Annual Meeting Presentation

In 2012, Asurion brings 500+ new downtown jobs to SoBro’s Gold LEED certified Ragland Building

Page 25: 2012 CBID Annual Meeting Presentation
Page 26: 2012 CBID Annual Meeting Presentation

333 Commerce Adds New Long-term Tenant Leases

h3gm (2012) Pillsbury Winthrop Shaw & Pittman (2012)Littler Mendelson (2013) and U S Bank (2013)

Page 27: 2012 CBID Annual Meeting Presentation

h3gm at 333 Commerce

Page 28: 2012 CBID Annual Meeting Presentation

Creative Artists Agency Moves Downtown

Page 29: 2012 CBID Annual Meeting Presentation

Downtown Employee Appreciation Week

90% of employees say working downtown is FUN! We celebrated again October 1-5.

Page 30: 2012 CBID Annual Meeting Presentation

Downtown has a“walker’s paradise” rating onwalkscore.com

Page 31: 2012 CBID Annual Meeting Presentation

In 2012, 447 Hanging Flower Baskets on Eight Downtown Streets

Page 32: 2012 CBID Annual Meeting Presentation
Page 33: 2012 CBID Annual Meeting Presentation

GETTING AROUND

WeCar

Page 34: 2012 CBID Annual Meeting Presentation

Nashville B-CycleDecember 13th

Launch Date

Page 35: 2012 CBID Annual Meeting Presentation

Ryman Auditorium

Pollstar Theatre of the Year for both

2012 and 2011

Page 36: 2012 CBID Annual Meeting Presentation

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.

Page 37: 2012 CBID Annual Meeting Presentation

Makeover of Historic Ryman Alley

Completed in April, 2012

Page 38: 2012 CBID Annual Meeting Presentation

Named one of the Top 100 Hotels in the World and 4th Best Large City Hotel by Travel + Leisure

Page 39: 2012 CBID Annual Meeting Presentation
Page 40: 2012 CBID Annual Meeting Presentation
Page 41: 2012 CBID Annual Meeting Presentation

Live on the Green at Public Square Park

Free Weekly Concerts on Six Thursdays Each Fall

Page 42: 2012 CBID Annual Meeting Presentation

INVEST

Page 43: 2012 CBID Annual Meeting Presentation

Over 1,000 People At Each First Saturday Art Crawl

Page 44: 2012 CBID Annual Meeting Presentation

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

Page 45: 2012 CBID Annual Meeting Presentation

2012 Board of Directors

Page 46: 2012 CBID Annual Meeting Presentation

Thank you to outgoing Board members!

• Bert Mathews, 2012 Chairman

• John Fleming

• Richard Fletcher

• State Representative Mary Pruitt, Ex Officio

Page 47: 2012 CBID Annual Meeting Presentation

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

Page 48: 2012 CBID Annual Meeting Presentation

“To make downtown Nashville the compelling urban center in the Southeast in which to LIVE, WORK,

PLAY and INVEST.”