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2016 CBID Annual Meeting Presentation

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

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2016 CBID Annual Meeting Presentation

  1. 1. Nashville District Management Corporation Central Business Improvement District (CBID) Property Owner Annual Meeting November 15, 2016
  2. 2. 2017 Board Officers Hugh Queener Chairman John Gupton Vice Chairman Mauro Mastrapasqua Secretary-Treasurer
  3. 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. 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. 5. Downtown clean teams January-October, 2016 • Removed 96,405 pounds of trash • Removed 4,435 square feet of graffiti
  6. 6. Downtown clean teams January-October, 2016 • Power washed 352 block faces • Power washed 949 alleys
  7. 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. 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. 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. 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. 11. LIVE 2000: 1,960 2017: >12,000 2018: 13,000 expected Downtown Residents
  12. 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. 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. 14. 2,944 downtown residential units now under construction
  15. 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. 16. 222 2nd Avenue Bridgestone Americas New CBID Class A Office Towers in 2017
  17. 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. 18. New LYFT Customer Service headquarters bringing 500 jobs downtown by end of 2016
  19. 19. • 2003: 36 downtown shopping options • 2016: 105 downtown shopping options • 2007: 135 downtown restaurants • 2016: 233 downtown restaurants
  20. 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. 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. 22. Downtown development tour Take a tour of past, current, and future downtown developments! www.nashvilledowntown.com/invest/development-tour
  23. 23. Fifth + Broadway
  24. 24. 10 Years: First Saturday Art Crawl
  25. 25. 900 to 1,100 downtown events each month
  26. 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. 27. Follow Us! /DowntownNashville @DwtwnNashville @downtown_nashville

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