Presentation from the CBID annual meeting on November 15, 2017. Central Business Improvement District, Nashville, TN

1. Nashville District Management Corporation
Central Business Improvement District
(CBID)
Property Owner Annual Meeting
November 15, 2016

2. 2017 Board Officers
Hugh Queener
Chairman
John Gupton
Vice Chairman
Mauro Mastrapasqua
Secretary-Treasurer

3. ABOUT THE CBID
Area: 371 acres, 90 blocks
in 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

4. 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

5. Downtown clean teams
January-October, 2016
• Removed 96,405
pounds of trash
• Removed 4,435
square feet of graffiti

6. Downtown clean teams
January-October, 2016
• Power washed
352 block faces
• Power washed
949 alleys

7. 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

8. 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.

9. 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

10. 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

11. LIVE
2000: 1,960
2017: >12,000
2018: 13,000
expected
Downtown Residents

12. Top 4 Reasons to Live Downtown
53%
Urban experience
48.5%
Central location
28.5%
Arts/cultural events
27%
Close to work
2016 Residential Survey

13. 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

14. 2,944 downtown
residential units
now under
construction

15. WORK
Class A vacancy
as 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

16. 222 2nd Avenue Bridgestone Americas
New
CBID
Class A
Office
Towers
in
2017

17. • 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.

18. New LYFT
Customer
Service
headquarters
bringing 500
jobs
downtown by
end of 2016

19. • 2003: 36 downtown shopping options
• 2016: 105 downtown shopping options
• 2007: 135 downtown restaurants
• 2016: 233 downtown restaurants

20. Downtown amenities
24 coffee shops
10 bakeries
13 massage/chiropractic
12 barbers, salons, nails
10 fitness/dance studios
6 ice cream shops
4 post offices
3 florists
4 dentists
2 urban grocery stores
1 urgent care center

21. 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

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

23. Fifth + Broadway

24. 10 Years: First Saturday Art Crawl

25. 900 to 1,100 downtown
events each month

26. 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

27. Follow Us!
/DowntownNashville
@DwtwnNashville
@downtown_nashville