2016 CBID Annual Meeting Presentation

Nashville District Management CorporationCentral Business Improvement

District(CBID)

Property Owner Annual MeetingNovember 15, 2016

2017 Board Officers

Hugh QueenerChairman

John GuptonVice Chairman

Mauro MastrapasquaSecretary-Treasurer

ABOUT THE CBIDArea: 371 acres, 90

blocksin downtown Nashville

Current 10-year term: January 1, 2008-

December 31, 2017

Management agreement with the Nashville

Downtown Partnership to provide a wide range of

CBID services within these boundaries

Top CBID budget priority• Public space management– Clean team– Safety team, Hospitality

Ambassadors–Outreach Coordinator– Landscaping and beautification

58% of TOTAL 2016-2017 CBID BUDGET

Downtown clean teamsJanuary-October, 2016

• Removed 96,405pounds of trash

• Removed 4,435square feet of graffiti

Downtown clean teamsJanuary-October, 2016

• Power washed 352 block faces

• Power washed 949 alleys

Downtown clean teams

7 days per week, 6:30 am to 3 pm;

3 pm to 11 pm M-Fr, 2 team members

do pressure washing, other projects

Housing First Approach• Since July, 2011, a full-time Outreach

Coordinator has focused on providing housing and wraparound social services to individuals with highest number of arrests in the CBID. 9 of the top 15 are now in housing

• Several peer cities are duplicating this successful housing first model for outreach.

Outreach Results• 62 clients have received housing

placements since 2011• 22 have moved to permanent housing

with outside sources of support– 6 others are currently in transitional

housing with wraparound services• Based on the clients’ prior activity,

3,000 arrests have been prevented

Homeward Bound• Since June 2008, a total of 1,008

individuals have received transportation assistance to connect with families, jobs or support services

– Total program cost: $166,091

LIVE

2000: 1,960 2017: >12,0002018: 13,000 expected

Downtown Residents

Top 4 Reasons to Live Downtown53%

Urban experience

48.5% Central location

28.5% Arts/cultural events

27% Close to work

2016 Residential Survey

Strong market demand for purchase and rental

units

• 3-month supply of resale units on market

• Downtown rental occupancy: 97%

95% or higher since 2007

2,944 downtown residential unitsnow underconstruction

WORK

Class A vacancyas of Q3 2016

(3.5%)

• Two new Class A buildings in CBID since 2007– SunTrust Plaza– The Pinnacle at Symphony Place

• Two new Class A CBID towers under construction– Bridgestone HQ and 222 2nd Avenue

222 2nd Avenue Bridgestone Americas

New CBIDClass AOffice Towers in2017

• 24% increase in downtown employees since 2008– 2015 downtown business census reported 57,230

downtown employees (and more on the way)

Bridgetone Americas Warby Parker

Warner Music Group Houzz Inc.Wyatt Tarrant & Combs Hankook Tire Co.

New LYFT Customer Service

headquarters bringing 500 jobs

downtown by end of

2016

• 2003: 36 downtown shopping options• 2016: 105 downtown shopping options

• 2007: 135 downtown restaurants• 2016: 233 downtown restaurants

Downtown amenities24 coffee shops10 bakeries13 massage/chiropractic12 barbers, salons, nails10 fitness/dance studios 6 ice cream shops

4 post offices3 florists4 dentists2 urban grocery stores1 urgent care center

PLAY AND INVEST• Music City Center opened in 2013 strong need

for additional downtown hotel inventory• Since 2008, 6 new CBID hotels added 1,720

rooms• Today there are 5,417

downtown hotel rooms• 2,332 more (10 hotels) are

under construction• 3,676 more (14 hotels) are

actively being planned

Downtown development tourTake a tour of past, current, and future downtown developments!www.nashvilledowntown.com/invest/development-tour

Fifth + Broadway

10 Years: First Saturday Art Crawl

900 to 1,100 downtown events each month

Social Media• Twitter followers:

128,294• Facebook likes:

57,702• Instagram followers:

23,224 • Downtown Details subscribers:

20,684• Website pageviews, Oct 2016:

136,585

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