Nashville District Management Corporation

Annual CBID Property Owner Meeting

November 12, 2014

To make downtown Nashville the compelling

urban center in the Southeast in which to

LIVE, WORK, PLAY and INVEST

©Warne Riker

ABOUT THE CBID

Area: 371 acres, 90 blocksIn downtown Nashville

Current 10-Year Term: January 1, 2008-

December 31, 2017

Management agreement with theNashville Downtown Partnershipto 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

57% of TOTAL 2013-2014 CBID BUDGET

57% of TOTAL 2014-2015 CBID BUDGET

Downtown Clean Teams

January-October, 2014

• Removed 91,360

pounds of trash

• Removed 10,798

square feet of graffiti

Downtown Clean Teams

January-October, 2014

• Power washed 1,078 block faces

• Power washed 1,946 alleys

Downtown Clean Teams

7 days a week, 7 am to 3:30 pm PLUS4 evenings per week (4 pm to 11 pm),

two team members focus on pressure washing alleys

Hospitality Ambassadors

YTD 10,425 directional printouts and

3,254 discount coupons

Hospitality Ambassadors

3,254 miles logged on Segways

January–October, 2014

“Housing First” Approach Is Making A Real Difference

‘’YES, WE ARE PAYING MORE AS TAXPAYERS TO WALK PAST THATPERSON ON THE STREET AND DO NOTHING THAN WE WOULD BE PAYING

TO JUST GIVE THEM AN APARTMENT.”

3-Year Outreach Progress

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

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

Outreach Results

• 38 clients have received housing placements

– 17 have moved to permanent housing with outside sources of support

– 7 others are currently in transitional housing with wraparound services

– 1 is in rehab

• Based on the clients’ prior activity, 1,565 arrests have been avoided by this program

Homeward Bound

• Since June, 2008, a total of 677 individuals have received one-way transportation to families, jobs or support services

– They accounted for 5,535 Nashville arrests

– Total program cost: $107,935

• January-October 2014: 95 individuals have received Homeward Bound assistance

650 Seasonal Hanging Baskets

Began with

68 in 2008

7,300 Downtown Residents Now;12,000 by 2017

Low Vacancy + High Demand

Re-sale units on

market: less than

2-month supply

98% rental

occupancy

rates since 2012

Market Study: Can Absorb 3,500 New Residential Units by 2017

346 CBID

rental units

under

construction

600 CBID

rental units planned

Greater

Downtown

1,180 rental

units under

construction

2,001 rental units planned

55,000 Downtown Employees:Up 23% since 2004

Downtown Employee Appreciation Week

Downtown Employee Appreciation Week

Major Employers Downtown:Relocations and Expansions

UBS Nashville Business Solutions Center

1,200 employees downtown by end of 2015

Bridgestone Americas U.S. Headquarters Is Coming Downtown!

• Developer Highwoods Properties

• $232.6 million 30-story office tower

• >1,700 local and relocated

employees, 607 new jobs

• Groundbreaking in 2015, move-in by 3rd quarter 2017

EmerylSpectrum & OliverMcMillan

Joint Venture:$400 Million Project

Retail, high-end apartments, entertainment, convention and office space

LP Field Park and Ride Option

for Employees

Free weekday parking;

$30 for monthly

shuttle passes

4 daily routes

>1,600 monthly passes

25 stations

225 bikes

Jan–Oct 2014

25,839 casual users

374 annual members

48,714 checkouts

213,309 miles ridden

Easy Checkout…

Easy Ride!

New Downtown Retail

YTD 47 Downtown Retail

Openings or

Announcements

208 Downtown Dining Options

Downtown Amenities

19 coffee shops

12 bakeries

11 massage/chiropractic

10 barbers, salons, nails

10 fitness/dance studios

4 ice cream shops

4 post offices

3 florists

3 dentists

2 urban grocery stores

1 urgent care center

45% Increase in Downtown

Hotel Rooms Since 2012

Major Hotel Renovations

Downtown Hotel Development

2012:

3,090

2013:

4,145

2014:

4,486

If all planned hotels are built,

there will be 7,690 rooms!

34% 45%

149% increase

Turnberry Associates: $350 Million

Mixed-use Development Planned

35-story JW Marriott Hotel and office highrise in SoBro

Downtown As Economic Engine

©Warne Riker

Broadway Nights

Live on the Green

800 to 900 live music and events per month!

CMA Music Festival

West Riverfront Park

First Tennessee Park

Opening April 2015

“Periodically, a city has to have enough confidence in

itself to invest in itself. We have that confidence.”

—Mayor Karl Dean

©Warne Riker

Follow Us!

/DowntownNashville

@DwtwnNashville

@downtown_nashville

2015 Board Officers

Brenda SandersonChairman

Hugh QueenerVice Chairman

Frank LewisSecretary-Treasurer

Board Candidates2015-2017

John FlemingRenaissance Nashville Hotel John Gupton

Baker Donelson

Mauro MastrapasquaMastrapasqua Asset

Management

Greg SlighThe Hermitage Hotel