Nashville District Management Corporation

Annual CBID Property Owner MeetingNovember 12, 2013

ABOUT THE CBID

CBID 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 CBID Budget Priority

• Public Space Management– Clean Team– Safety Team/Hospitality Ambassadors– Outreach Coordinator– Landscaping and Beautification

57% of TOTAL 2011-2012 CBID BUDGET

58% of TOTAL 2012-2013 CBID BUDGET

Downtown Clean TeamJanuary- October, 2013

• Removed 85,365 pounds of trash and 12,976 square feet of graffiti• Power washed 835 block faces and 1,072 alleys

Increase in Graffiti

125% increase in graffiti since 2012. Quick response by the cleaning team helps prevent recurrences.

BEFORE

AFTER

Hospitality Ambassadors offer

visitors guidebooks, maps, printouts of

directions and coupons.

YTD over 10,000 printouts and over

2,700 coupons

2,513 miles logged on Segways Jan- Oct, 2013

In 2013, 541 hanging flower baskets on downtown streets

2-Year Progress on Outreach

• Since July, 2011, a fulltime Outreach Coordinator has focused on providing housing and wraparound social services to individuals with the highest number of arrests in the CBID

• To date, 24 clients (with 2,632 arrests over the past 3 years) have received housing through this outreach initiative

Outreach Results

• 24 clients have received housing assistance– 10 have transitioned to permanent

housing– 8 are currently in temporary

housing– 1 transitioned to Rehab– 5 returned to the street

• Over 900 arrests (based on past history) have been prevented in the group housed

Homeward Bound

• One-way transportation to families, jobs or support services for 571 individuals since June, 2008 (cost $88,420)

• These individuals accounted for 4,831 Nashville arrests

• January-October, 2013: 115 individuals have received Homeward Bound assistance

LIVE DowntownIn 2013, 7,286 people

do!

Downtown Residential

Sales

Jan- June 2013 130 closings Jan- June 2012 123 closings Jan- June 2011 99 closings

Availability Downtown

No developer-owned units--

only 74 re-sales available

(3+-month supply)

HIGH-RISE SALES PRICES UP 28% FROM

2010

Rental Demand Soars!

Highest ever rental occupancy–98% in 2012 and 20132,250 rental units now; 475 under construction and 1,124 planned

Downtown Market

AnalysisCan absorb

another3,500 residential

units by 2017

Today: 4,554 units

+ 475 under construction

+ 1,124 planned

LIVE IT UP! 2013 Tour

Since 2004, over 11,000 people have come to the April downtown home tours; total economic impact over $50 million in sales and leases

• YTD 54 new retail businesses have opened or announced

• 32 food establishments• 21 shopping options• 1 music and nightlife

•2012 retail openings: 52

Retail Growth in 2013

New Retail 2013

Johnny Cash Museum

Bettie Page Clothing

195 Downtown

Dining Options

Downtown Amenities18 coffee shops12 massage therapy11 barbers, hair salons, nails9 fitness centers/dance studios9 bakeries

5 ice cream/yogurt shops4 post offices3 florists2 urban grocery stores1 urgent care center

7.5 million square feet commercial office inventory downtown

Mid-year 2013 Class A office vacancy: 7.7%

Recent studies indicate

downtown could absorb another 500,000 SF of

office space over the

next 5 years

50,335 Downtown Employees and

Growing!

UBS Tower in 2014

1,000+ new jobs

Asurion: 500 jobs

came downtown in

late 2012

ServiceSource:

tied for 9th largest downtown employer

in 2012

Sony/ATV Music Publishing moving downtown with 200 new jobs!

Record $153 million sale to Highwood

Properties

Strong Investor Interest

andBuilding Sales

$103 million sale to Alliance Partners

HSP LLC

Historic Trolley Barns at Rolling Mill Hill

Work Spaces for Nonprofits, Entrepreneurs

Downtown Employee Appreciation Week

91% of employees

say working downtown

is FUN!

STRONG SOCIAL MEDIA PRESENCE

Over 31,000 friends on FacebookOutpacing downtown groups in peer cities,

top local print and radio media outletsOver 31,000 followers on multiple Twitter accounts

nashvilledowntown.com

NEW responsive website fits screen of device

being used

Image & Communications

LP Field Park and Ride

Option forEmployees

2010-2012: average of 14,221

monthly riders on 3 routes

Free weekday parking; $25 for monthly shuttle

passes

Best Ever Event Parking

(BEEP)• Free parking at LP

Field Lot R for Bridgestone Arena events, optional $3 per person round trip shuttle service

• Over 375 events since 2010, free parking for almost 47,000 vehicles

• 60% of the passengers choose the shuttle option

Bike Share, Car Share and

Free Circulator, MTA’s Music City Circuit

195 Nashville B-cycles at 21

kiosks within3 miles of downtown

As of November 3, 23,038

memberships(21,942 daily)

January-October, 201344,800 trips or bike checkouts

7,421,560 calories burned176,262 pounds carbon offset

Photo : The Funky Umbrella

Record daily attendance of over 80,000!CMA Festival in June, 2013

Bridgestone Arena

5th in Pollstar’s Top 10 for U.S. Concert

AttendanceMarch, 2013– 329,002 guests— 2nd busiest month in

arena’s historyHosting 2014 NCAA Women’s Final Four

Hosting 9 SEC men’s and 3 women’s

tournaments from 2015 to 2026

Platinum LEED Status for Bridge Building

1st in Tennessee4th greenest building

worldwide

INVEST

Spotlight on

SoBro

Hotel Developments

• Omni Nashville Hotel opened 9/30/13 with 800 rooms and suites, >80,000 SF meeting and event space

• Hyatt Place Downtown Nashville opening 11/12/13 with 255 rooms, 3,400 SF meeting and event space

• Under construction in CBID: Hilton Garden Inn (215 rooms)

• Metro incentives committed for a Hyatt Regency and a Marriott

Proposed West Bank Park at Thermal Site

2013 Board of Directors

“To make downtown Nashville the compelling urban center in the

Southeast in which to LIVE, WORK, PLAY and INVEST.”