NASHVILLE DOWNTOWN PARTNERSHIP 2009 BOARD OF DIRECTORS

JANA JOUSTRA DAVIS NATE J. GREENE RALPH SCHULZ Ex Officio NAI Nashville Ex Officio OFFICERS HCA Nashville Area Chamber of Commerce JOHN GUPTON KIRBY DAVIS Ex Officio J. RONALD SCOTT Chair, Public Space Baker, Donelson, Bearman, Caldwell & JRS Investments Incorporated First Management Services Berkowitz, PC GREG SLIGH EMANUEL J. EADS THE HONORABLE THELMA HARPER The Hermitage Hotel Ex Officio Ex Officio Central Parking Corporation State Senator LYDIA SPRAGENS Ex Officio MIKE FITTS AUBREY B. HARWELL, III Pinnacle Financial Partners Ex Officio Ex Officio State Architect Neal & Harwell, PLC ROBERT A. MCCABE, JR. BUTCH SPYRIDON Chair, Resource Development Ex Officio JOHN FLEMING FRED RUSSELL HARWELL Pinnacle Financial Partners Nashville Convention and Visitors Bureau GEORGE V. CRAWFORD, JR. Renaissance Nashville Hotel Ex Officio Chairman Adams and Reese LLP MARK MCNEELY T. STEPHEN C. TAYLOR Gullett, Sanford, Robinson & Martin, PLLC RICHARD FLETCHER Ex Officio Ex Officio 511 Group, Inc. DAVE HERRELL McNeely Pigott & Fox Bass, Berry & Sims PLC ROBERT R. CAMPBELL, JR. Ex Officio Public Relations Vice Chairman Chairman, The DISTRICT TONY K. THOMPSON Waller Lansden Dortch & Davis, LLP DEBORAH MERRELL Ex Officio TH E HONORABLE Ex Officio First Tennessee Bank DONALD W. ABEL, JR. MICHAEL F. JAMESON SunTrust Bank Secretary Ex Officio JAMES S. TURNER, JR. Fifth Third Bank Metro Council, District 6 MATTHEW C. MOORE Ex Officio Ex Officio MarketStreet Enterprises BECKY HARRELL HAL JOHNSON American Constructors, Inc. Treasurer Ex Officio THOMAS D. TURNER KraftCPAs, PLLC Christ Church Cathedral PAUL NEY Ex Officio Ex Officio Nashville Downtown Partnership RONNY L. GREER SUE KENNEMER Mayor’s Office of Economic & Community Immediate Past Chairman Ex Officio Development JOHN VAN MOL Work & Greer, PC FirstBank Ex Officio BETH FORTUNE DONNA NICELY Dye, Van Mol & Lawrence Ex Officio EDWARD LANG Ex Officio Vanderbilt University Ex Officio Nashville Public Library RAY WATERS DIRECTORS Nashville Predators Ex Officio BILL BARKLEY LIBBY FUNKE JOHN F. PARKER Hilton Nashville Downtown Chair, Residential Development Tennessean DR. FRANK LEWIS Ex Officio Crosland, LLC Ex Officio Regions Morgan Keagan Trust SALLY WILLIAMS TONY GIARRATANA First Baptist Nashville Ex Officio PRICE H. BELL, JR. Ex Officio SUSAN W. PLAGEMAN, CFRE Ryman Auditorium Chair, Retail Development Giarratana Development, LLC ROBERT C. H. MATHEWS, III The Nashville Symphony DZL Management Co., LLC Vice Chair, Secretary-Treasurer, JOHN R. WINGO THE HONORABLE ERICA GILMORE CBID Board THE HONORABLE MARY PRUITT Ex Officio KENNETH BLACKBURN Ex Officio The Mathews Company Ex Officio Frost Brown Todd LLC AT&T Metro Council, District 19 State Representative JACK WOOD MICHELLE BOUCHER WILLIAM GLAUS BRACKNEY J. REED Chair, Access and Louisiana-Pacific Corporation Ex Officio Gresham, Smith and Partners Transportation The Bank of Nashville Barge Waggoner C. ALLEN BRADLEY CHARLES ROBIN Sumner & Cannon, Inc. Ex Officio RONALD V. GOBBELL, FAIA Robin Realty Co., LLC Nashville Electric Service Chairman, CBID Board SHIRLEY ZEITLIN Gobbell Hays Partners, Inc. PHIL RYAN Zeitlin & Co., Realtors Metro Development & Housing Agency DOWNTOWN NASHVILLE: Focusing On The Upside In 2009, economic challenges occupancy and profit margins, and even closure of some Partnership plans to initiate a pilot program of car sharing. Each and development opportunities businesses and restaurants. Despite these broader market shared vehicle replaces 15 privately owned cars, with obvious require flexibility and quick realities, downtown Nashville has shown significant growth in benefits to the environment and the downtown parking capacity. adaptation to the changing retail and new business tenants this year, and continues to add environment. The Board and impressive new commercial and residential inventory. Downtown Nashville has much to celebrate this year—old and staff of the Nashville Downtown new—from the 100-year anniversary of top-rated The Hermitage Partnership continue to navigate This has also been a good year to get back to the basics. While Hotel to the brand new LEED neighborhood status of The Gulch. this complex course realistically remaining focused on keeping downtown clean, safe and Richard Florida recently touted the major concentration of multiple and boldly. One distinct attractive, the Partnership explores creative new ways to enhance music genres here as The Nashville Effect. By attracting top advantage is that the Resource the downtown experience for those who live, work and play here. artistic and music talent and a wide range of professionals and Development Committee scholars, Nashville itself makes it easier for us “to make broadened the Partnership’s We choose the option of moving forward—preparing for the downtown Nashville the compelling urban center in the Southeast circle of investors and sponsors last year. Through advance economic rebound by working smarter and becoming a more in which to LIVE, WORK, PLAY and INVEST.” There’s no place like it! planning, the Partnership has deferred several initiatives until sustainable urban community. Inspired by the Mayor’s Green additional revenues are available. Ribbon Committee, new commercial and residential Thomas D. Turner developments are seeking LEED pre-certification, office tenants President and CEO Even as Nashville has fared better than many other cities, it has are expanding their recycling options and tap water is the also seen layoffs, a dip in the housing market, impact on hotel beverage of choice for downtown meetings. By mid-2010, the

Thomas D. Turner Crissy Cassetty President and CEO Retail Recruiter Sally E. Connelly Russell Payne Executive Vice President Vice President, Operations Andrea Champion Bill Abraham Communications Director Clean and Safe Manager Erin Perry Chico Allison Bookkeeper/Office Assistant Shuttle Manager Tamara Dickson Vice President, Economic Development STAFF 3 ADAPTING TO CURRENT REALITY AND PLANNING FOR FUTURE REBOUND Bill Barkley, Chair, Residential Development

• A slight increase in local real estate closings by mid-2009 may indicate a trend toward the beginnings of market stabilization. Economic data released in June by Residential Units Delivered (Annually) Brookings Institution listed the stability of Nashville’s real estate market as number 25 on a ranking of the country’s 100 largest metro areas. 1,00 ...... • Since 2001, the number of downtown residential units has increased over 150%. 900 The largest number of units added to the inventory in a single year was 929 in 800 ...... 2008, followed by 539 in 2006 and another 432 in 2009. The larger scale of 700 ...... several developments (one with more than 400 units and three with over 250 units) has accelerated downtown residential expansion considerably since 2006. 600 ...... 500 ...... 400 ...... 300 ...... 200 ...... 100 ...... 0 ...... 2003 2004 2005 2006 2007 2008 2009 2010 (est)

4 LIVE | NASHVILLE DOWNTOWN PARTNERSHIP • Several decades ahead of Nashville in downtown residential • Since 2004, over 6,500 people have attended the annual • The downtown rental market (currently 30% of the total development, peer cities such as St. Louis and Memphis LIVE IT UP! Downtown Home Tours, with an economic impact residential inventory) has consistently averaged over 90% currently have from two to six times more downtown residents. of at least $46 million in sales and leases. occupancy for the past six years. No new rental product has been introduced since 2006, and with the potential for • Because of this longstanding deficit in residential units, a • With an uncertain housing market, many young professionals greater demand of these units in the near future, at least feasibility study in 2003 projected that downtown Nashville are choosing to rent several years longer before buying. Echo three downtown rental developments are planned. could absorb over 4,000 new units by 2010. Just slightly Boomers (children of the Baby Boomer generation) show a more than 50% of that number is expected by 2010. strong preference for urban living and will soon have a major • Additional residential options are needed for downtown Although housing sales have slowed because of economic impact on the future housing market. From 2013 through employees with median household incomes ($34,500- uncertainties, the downtown market is not overbuilt. 2018, they will comprise the largest number of first-time $64,687) between 80 and 150% of the Area’s Median home buyers ever to the market. Their priorities include Income. At least 46% of the current employee base falls • The Gulch has become one of Nashville’s hottest urban affordability, sustainability with well-designed small living within this salary range. The Metropolitan Development and neighborhoods, with the opening late this year of Velocity, its spaces, walkability and proximity to jobs. Housing Agency (MDHA) has announced Nance Place, 109 third high-rise condo development. Since 2008, The Gulch workforce rental units, for Rolling Mill Hill by the end of has added almost 800 condo units (compared to just 80 • In the 2009 residential survey, downtown residents identified 2010. This development may be a catalyst for creating rental units in 2007). (1) the urban experience, (2) the central location and additional workforce housing. convenience and (3) being close to work as the major factors favoring their choice of the downtown lifestyle.

NASHVILLE DOWNTOWN PARTNERSHIP | LIVE 5 DOWNTOWN IS A SUSTAINABLE CHOICE Robert R. Campbell, Jr., Chair, Business Development

• Current economic stresses seem to favor centralized urban • The headquarters of Pinnacle Financial Partners will move into • Downtown is a sustainable location choice—with existing office settings. Throughout the business day, employees in The Pinnacle at Symphony Place by early 2010. Banks and law infrastructure and transportation options as well as easy access downtown Nashville can easily walk to appointments or lunch firms committed to a highly visible downtown presence are key to highways. The walkability factor of downtown Nashville also at one of 130 restaurants. After-hour options for a wide tenants in this building as well as SunTrust Plaza, which adds to sustainability. Many downtown office locations have a selection of dining, entertainment and sporting events are opened in late 2007. very high walk score of 98 (see www.walkscore.com ). equally accessible. • In early 2009, an additional 75,000 square feet of commercial • The Partnership works closely with commercial real estate • Downtown Nashville has a commercial inventory of over 7 inventory came online in the mixed-use Terrazzo in The Gulch. brokers and property managers to meet the parking million square feet, of which 56% is Class A space. By the BB&T opened its first downtown branch at Terrazzo and requirements of existing and potential tenants. end of 2009, Nashville will have over 900,000 square feet of relocated its commercial lending and wealth management new commercial space added since late 2007. operations there. • By the second quarter of 2010, the Partnership plans to implement a one-year downtown car share pilot program. • With lead tenants Bass, Berry & Sims moving in late this year, • At least 70 new businesses (including restaurants and retail) Each shared car put into service replaces 15 privately owned The Pinnacle at Symphony Place brings 520,000 square feet of have opened downtown during the past year, and another 10 vehicles, which has a positive environmental impact. For world class commercial space to SoBro. Already a stunning have been announced. businesses, the car share program will be more cost-effective addition to the downtown skyline, the new tower expects to have than owning or leasing vehicles for employee use. The LEED Silver Certification. Sustainable features include a unique • With a healthy mix of business categories, downtown Nashville program will also benefit urban residents by reducing their ground water harvesting system, building-wide recycling, has a diversified employment base and is in good position for need to own a car. innovative green roof design, and optimized energy performance. avoiding any market extremes. The synergy of this urban environment is an asset for employee recruitment.

6 WORK | NASHVILLE DOWNTOWN PARTNERSHI P 2009 IS A BANNER YEAR FOR DOWNTOWN RETAI L Price Bell, Chair, Retail Development

• The Partnership’s Retail Recruiter has made 400 local and • Over 50% of the new retailers are food establishments. The • Other long-term issues include (a) exploring options for regional retailer visits since January, 2008, approximately 50% downtown core has also added a variety of attractive new incentive packages to jump-start new retail businesses, (b) of them during the first seven months of 2009. Already this shopping options including Abernathy Road (2nd Avenue additional sidewalk dining options (c) advocating for storefront year, downtown retail opportunities have been presented to at North), Betty Boots, Opry Originals and Earthbound Trading Co. and streetscape improvements and (b) supporting art gallery least 20 of 200 prospects. (Broadway), The Painted Cupcake and Brocade Design Arts initiatives to enhance the creative mix on the Avenue of the Arts (The Arcade). (5th Avenue). • More than 30 new retail stores opened or announced between January and August, 2009, which is almost twice the total • Condo and office towers in both The Gulch and SoBro have number of 2008 new retail businesses. Most are located in The added significant new retail space (108,968 square feet) to Gulch, the Arcade and the Broadway/Second Avenue areas. the downtown inventory.

• After 35 years in the restaurant business, Henry • The ICON corner retail spot at 12th Avenue South Hillenmeyer visited the first Urban Flats restaurant in The Gulch was Hillenmeyer’s site choice. The in Winter Park, Florida and liked what he saw. He visibility and easy access were advantages, and shopping destination for regional residents, with observed the successful expansion of this casual the menu was a good fit for this exciting new lunch and dinner patrons coming from West End, dining concept in Florida and later in Atlanta and neighborhood. This location was the tenth Urban Music Row and beyond. Having this growing cluster decided to open a franchise in Nashville. Flats Flatbread & Wine Co. to open, and the first of retail establishments within easy walking in Tennessee. distance of each other is an asset for the retailers. • Hillenmeyer especially liked Urban Flats’ “This is a difficult economy for restaurants,” distinctive and affordable menu as well as the • The customer base will expand as additional Hillenmeyer says, “but we have been profitable since extensive wine selection, with 33 varieties offered residents move into the three condo towers in The opening and the long-term outlook for Urban Flats by the glass. Gulch. The area is also becoming a dining and Flatbread & Wine Co. in The Gulch is excellent.”

NASHVILLE DOWNTOWN PARTNERSHIP | RETAIL 7 PARKING AND MORE Jack Wood, Chair, Access and Transportation Committee

• The LP Field park and ride initiative managed by the Nashville • The LP Field Parking Option offers prospective downtown tenants a Downtown Partnership marked seven years of service on May cost-effective option. The Partnership will consider additional 1, 2009. Free weekday parking in designated LP Field shuttle contract arrangements to accommodate specific employee locations is managed by the Partnership for registered groups or to access office locations not on an existing route. downtown employees. • In planning the next phase of the shuttle program, the • This successful program is a unique public-private Partnership will identify new opportunities based on the partnership. Public sector partners include the Mayor’s Office, changing environment. Adjustments were made in 2009 to • To remain competitive, the downtown office market must have Metro Council, Metro Sports Authority, Metro Finance and Metro anticipate any potential increases in expenses related to fuel or access to adequate parking capacity at affordable rates. The Public Works. major repairs and maintenance for the shuttles. In 2009, Access and Transportation Committee and staff work closely financial pressures on several downtown employers led one with commercial real estate brokers and tenants to meet their • With free LP Field parking and the optional $25 monthly group to discontinue a contract shuttle route. Several companies parking requirements. shuttle passes, riders on the Core Downtown route save at had staff reductions that led to a slight drop in monthly riders. least $1,000 each year in parking costs. • As of September 1, the Partnership’s parking website has • As major downtown development projects shift the demand been completely re-designed for user convenience. At • Currently there are over 900 monthly shuttle riders on two and supply for parking in specific areas, the Partnership is www.parkitdowntown.com , new features include an interactive separate routes with stops near major downtown office working with groups interested in developing alternative downtown parking map and a downtown map that can be buildings. The original Core Downtown route has grown from parking and shuttle solutions for their employees and patrons. printed out for reference. The interactive map allows the user to 384 riders in January, 2008, to 511 (33% increase) in August, search for the closest parking facilities to a specific downtown 2009. Free LunchLINE shuttles also circulate on a downtown • The Partnership will also assess the demand for evening and destination and to compare rates. The map also indicates where route weekdays from 11 a.m. to 1:30 p.m. weekend event-driven parking and whether the shuttles could to enter each parking facility and has a picture of its entrance. be utilized.

8 PARKING | NASHVILLE DOWNTOWN PARTNERSHIP DOWNTOWN IS IN FULL BLOOM Kirby Davis, Chair, Public Space Committee

• Building on its well-established clean and safe initiatives, • The Metropolitan Government has invested in several major • In 2010, the Partnership will focus on additional landscaping the Partnership now allocates resources to aesthetic streetscape improvement projects, including Church Street improvements. Small pockets of green space (e.g., boulevard improvement projects. (2006) and Deaderick Street (2009). Following the construction medians, along downtown streets and buildings) will be of the new Music City Central transfer station in late 2008, bus identified for appropriate landscaping. Attention to these • In a 2008 pilot program, 64 baskets with ornamental and shelters were removed from Deaderick and pedestrian-friendly smaller underutilized spaces will maximize the visual impact floral plants were installed on street lights along Commerce elements were added. Improvements include replacement of of downtown streetscapes. and Church Streets. To enhance this visual impact in 2009, a distressed trees, sidewalk repairs, new trees and landscaping, total of 250 hanging baskets were placed on Church, Capitol a median with green plantings, and upgraded street lighting. Boulevard, Commerce, 4th Avenue North, 5th Avenue North, Deaderick provides an unmatched civic vista framed by War 2nd Avenue North, Broadway and in front of the Metropolitan Memorial Plaza and the Metro Public Square. Additional Courthouse. An additional 56 baskets will be installed on improvements will add wayfinding/information kiosks at Deaderick Street when its streetscape project is completed. intersections and semi-permanent vendor kiosks with fixed seating. Potential future developments may include retail, • Under a maintenance agreement with the vendor, a quality residential units and sidewalk dining options. assurance program ensures optimal appearance of all baskets, with attention to the sunlight levels of each location. • Now in its initial phase, the New Riverfront Park Plan includes a 7.5-acre Adventure Play Park, renovation and adaptive reuse • Local flower growers at Holtkamp Greenhouses, Inc. of the historic Nashville Bridge Company building and a one- provided twelve floral towers as a pilot program this acre River Lawn on the east bank. West bank projects include summer. Placed on the plazas of key sites, these floral the First and Broadway Overlook, City Wharf and the Pioneer displays enhance other colorful plantings throughout Walk. The long-term goal is to transform Nashville’s downtown downtown. The growers are exploring the feasibility of a waterfront into a vibrant and dynamic mixed-use option for broader marketing campaign in 2010. local residents and visitors.

NASHVILLE DOWNTOWN PARTNERSHIP | BEAUTIFICATION 9 EXPANSION OF DOWNTOWN CLEAN AND SAFE SERVICES Kirby Davis, Chair, Public Space Committee

• The downtown clean and safe teams provide a variety of services for two Business Improvement Districts - one in the central urban core (CBID) and one in The Gulch (GBID). Over 50% of the CBID budgets are invested in clean and safe services that supplement city services.

• During the first seven months of 2009, these teams removed almost 122,000 pounds of trash, over 6,000 square feet of graffiti, and power washed 573 block faces and 573 alleys in the urban core district.

• On July 1, 2009, the Partnership entered an expanded agreement with the GBID to provide an increased level of services and administrative support. As an increasing number of residents and businesses are moving in, the GBID focuses on meeting their expectations for a vibrant and safe neighborhood.

• Hours of service for the CBID are 7 a.m. to 8 p.m. Monday through Friday (clean team until 3 p.m.) and 9 a.m. to 9 p.m. Saturday and Sunday (safety patrol only). In the GBID, hours are 7 a.m. to 3:30 p.m. Monday through Sunday (clean team) and the safety team at various days and times each week.

• Intensive clean-up (litter and weed removal) along major downtown access points at highway interchanges is an ongoing project. This initiative helps provide a positive first impression of downtown Nashville.

• The total area serviced by the clean and safe teams has increased 44% since 2007.

10 CLEAN & SAFE | NASHVILLE DOWNTOWN PARTNERSHIP • Since April, 2005, the Davidson County Sheriff’s Office and the • A successful program launched in June, 2008, offers one-way, Partnership have participated in a Community Worker Program. non-refundable bus tickets to eligible individuals without other This team effectively supplements the staff on major clean-up resources. Valid reasons (which are confirmed) for relocating and maintenance projects. include prospective jobs, benefits or proximity to family. As of September 1, 2009, a total of 160 individuals have received this • Over the past four years, the community worker team has provided relocation assistance, 93 of them in 2009. The bus tickets ranged more than 53,000 hours of service with an equivalent value of in cost from $24 to $217 each, with travel destinations to 42 over $450,000. About 30 community workers have subsequently different states. been hired as clean team employees, with 9 remaining on staff at least one year. Three have been on staff over three years and one • Broader based community partnerships are necessary to develop has been promoted to a supervisory position. a community justice approach that offers behavioral treatment options or community service for individuals in a cycle of • Safety Ambassadors (including those on bicycles and Segways) repeated arrests. Social service agencies, local law enforcement monitor downtown streets and sidewalks, the Metro parking and judicial systems, hospitals and faith-based groups must be garages and LP Field lots utilized by the park and ride program. involved in seeking long-term solutions.

• The total patrol miles ridden on bicycles and Segways is up 45% in 2009, with 1,938 miles logged through July.

• Supplemental downtown patrols (approximately 16 hours per week) by off-duty Metro Police focus on potential “hot spots.”

• The Partnership hosts lunchtime information fairs (8 during the first six months of 2009) in downtown office building lobbies to communicate details on available clean and safe services, the park and ride program and other initiatives of interest.

NASHVILLE DOWNTOWN PARTNERSHIP | CLEAN & SAFE 11 CHOOSE DOWNTOWN FOR FESTIVALS AND EVENTS • Downtown Nashville is the destination of choice for a growing • Downtown Nashville has some of the top performance venues • With a growing cluster of galleries and residential lofts, 5th number of festivals and conventions. In June, the four-day anywhere. From the historic Ryman Auditorium and Tennessee Avenue North is living up to its designation as “Avenue of the CMA Music Festival had the largest attendance ever, with a 7.2 Performing Arts Center to the Schermerhorn Symphony Center Arts.” Two-thirds of the 16 downtown galleries are on 5th per cent increase over 2008. Average daily attendance was and Sommet Center, some 10,000 prime seats are available for Avenue and in The Arcade. 56,000. The festival’s Riverfront Park concerts were free for the touring Broadway shows, live theater, and concerts from first time this year and a popular new free area was Music City country to classical. For first quarter 2009, Sommet Center • Well-attended arts, entertainment and sporting events have a Zone on the Public Square at Metro Courthouse. was on the top ten list of busiest U.S. arenas, with almost significant economic impact on downtown businesses, 93,000 paid concert guests. including clubs and restaurants. The Partnership supports • LiveOntheGreen is a new free concert series scheduled for these groups to ensure that participants have a positive Thursday evenings from September 3 through October 8 on the • The Sommet Center and LP Field host multiple sporting events experience in downtown Nashville. Metro Public Square Plaza. as well as home games for the Nashville Predators and the Tennessee Titans. Events include Southeastern Conference and • Other popular annual festivals downtown include Music City NCAA basketball tournament games (with the NCAA Women’s July 4th, Wine on the River, Music City Brewers’ Festival, Final Four booked at Sommet Center in 2014), gymnastics and Dragon Boat Races and River Festival, Taste of Music City and soccer competitions, and collegiate football games. Some of Music City BBQ Festival. the largest crowds come for the annual Country Music Marathon and the Gaylord Hotels Music City Bowl. • The Nashville Downtown Partnership assists festival organizers with logistics and after-event clean-up. Roving • The First Saturday Art Crawl (highlighting downtown gallery ambassadors are on site during events to provide assistance offerings since January, 2006) continues to draw large, as needed. enthusiastic crowds to many of the 16 galleries. The Nashville Downtown Partnership provides free shuttle service for these monthly events. Several larger galleries are participating in Art After Hours on the first Thursday of each month.

12 PLAY | NASHVILLE DOWNTOWN PARTNERSHIP DIVERSIFYING RESOURCES FOR DOWNTOWN INITIATIVES Robert A. McCabe, Jr., Chair, Resource Development Committee

• Organized in 2008, this Board committee focuses on diversifying categories that best complement their business goals. The • One priority for 2009 was the extension of the seasonal resources for the Nashville Downtown Partnership and engaging committee primarily addresses the development of the hanging flower basket initiative to additional high pedestrian Board members as well as the broader corporate community in corporate investment and membership categories. areas. Redevelopment of the downtown parking website supporting specific initiatives. (www.parkitdowntown.com ) was also a priority item. Mapping • In 2008, these five categories generated 15% of the total features of the new website are compatible with the Metro way • The Resource Development Committee has defined five Partnership budget. The 2009 forecast for the five categories finding program being implemented in 2010. opportunities for investments: designated corporate was reduced slightly due to current economic pressures. Over contributions, annual membership dues, home tour the next few years, the committee’s goal is to expand these sponsorships, annual meeting sponsorships and guidebook investments to 20% of the total budget. advertising. From this menu of options, investors choose the

MULTI-YEAR CORPORATE INVESTORS

American Constructors, Inc. Earl Swensson Associates Historic Castner Knott Building Pinnacle Financial Partners AT&T Fifth Third Bank and XMi CRE Regions Bank Ba ker, Donelson, Bearman, First Management Services KraftCPAs, PLLC St. Thomas Health Services Caldwell & Berkowitz, PC First Tennessee Foundation Lewis, King, Krieg & Waldrop, P.C.* Sherrard & Roe, PLC The Bank of Nashville FirstBank MarketStreet Enterprises Stites & Harbison, PLLC Bass, Berry & Sims PLC Genesco Ma rtha and Bronson Ingram SunTrust Bank BDO Seidman, LLP Gi arratana Development, LLC / Foundation Tower Investments, LLC Br idgestone Americas Holding, Inc. Novare Group Holdings The Memorial Foundation Tuck Hinton Architects Ca terpillar Financial Gobbell Hays Partners Music City Suites, LLC Vanderbilt University Products Division* Gresham, Smith and Partners NAI Nashville Village Real Estate Services Central Parking System Gu llett, Sanford, Robinson Nashville Electric Service Waller Lansden Dortch & Davis, LLP Core Development Services, LLC & Martin, PLLC Nashville Predators Work & Greer, PC Corner Partnership, LLC Ha rwell Howard Hyne Neal & Hawell, PLC Crosland, LLC Gabbert & Manner Nissan North America * First-year investors in 2009 CVS Caremark Corporation HCA/TriStar O’Charley’s Inc. DZL Management Co., LLC The Hermitage Hotel Piedmont Natural Gas*

NASHVILLE DOWNTOWN PARTNERSHIP | INVEST 13 INVESTING IN GROWING DOWNTOWN • Public investments in downtown infrastructure and other projects continue to be strong incentives for private investments. Major infrastructure development is a prerequisite for creating an environment in which private development thrives.

• From 2000 through 2013, investments of over $3.4 billion in public and private development are projected for downtown Nashville. NASHVILLE DOWNTOWN PARTNERSHIP In the SoBro area (south of Broadway), the Schermerhorn Symphony 2009 RESOURCE ALLOCATION Center has proved to be a catalyst for significant new development.

• From 1999 through 2009, property owners in the downtown Central Business Improvement District (CBID) have invested over $7 million to supplement city services with clean and safe programs and other initiatives that enhance downtown economic development. These programs are implemented by the Nashville Downtown Partnership.

• The top five CBID rate payers are the tenants and owners of the Class A office buildings. Over 75% of the total CBID assessments are paid by the top 65 rate payers, including office buildings, hotels, apartment buildings and parking facilities. Residential condominium owners pay an average CBID assessment of $150. REVENUES EXPENDITURES ––––––––––––––––––––––––––– ––––––––––––––––––––––––– • Property owners in The Gulch Business Improvement District (GBID) • CBID PROPERTY ASSESSMENTS • ACCESS AND TRANSPORTATION have increased their assessment rate in order to provide the level of • EARNED • PUBLIC SPACE MANAGEMENT services needed by business tenants and new residents. As of June 1, • CONTRIBUTIONS, SPONSORSHIPS, • ECONOMIC DEVELOPMENT the GBID has an expanded agreement with the Nashville Downtown Partnership to provide administrative support as well as AND MEMBERSHIPS • ADVOCACY/ADMINISTRATION supplemental clean and safe services. • IMAGE AND COMMUNICATIONS

14 INVEST | NASHVILLE DOWNTOWN PARTNERSHIP CONGRATULATIONS!

MARTHA RIVERS INGRAM

Distinguished recipient of the Nashville Downtown Partnership 2009 Jeannie R. Hastings Vision Award

With Sincere Appreciation

Her bold vision and perseverance over three decades transformed downtown Nashville into a dynamic arts scene—from the Tennessee Performing Arts Center to the Schermerhorn Symphony Center.

As the cultural, educational and economic impact of these venues grows year by year, they continue to be major catalysts for downtown Nashville’s growth and development.

Pinnacle Financial Partners has contributed this space

209 Sixth Avenue North Nashville, Tennessee 37219 (615) 259-7600 • Fax (615) 259-7603 www.workgreer.com

EXTRAORDINARY SERVICE! EXTRAORDINARY COMMITMENT! 2009 NASHVILLE DOWNTOWN PARTNERSHIP MEMBERS Membership is one option for supporting Nashville Downtown Partnership initiatives. All property owners in the Central Business Improvement District (CBID) are key participants—and many also make membership, sponsorship or other designated investments.

ARCHITECTURAL, ENGINEERING Maggart & Associates, P.C. HOTELS Nashville Convention and Visitors Bureau Summit Property Management, Inc. AND DESIGN SERVICES New Business Development The Hermitage Hotel Ob servance Lodge Tennessee No. 686, Tower Investments, LLC Barge Waggoner Sumner & Cannon, Inc. Pinnacle Financial Partners Hilton Nashville Downtown Free and Accepted Masons XMi Commercial Real Estate Earl Swensson Associates Regions Bank Homewood Suites Tennessee Road Builders Association Village Real Estate Services Gobbell Hays Partners, Inc. SunTrust Bank Renaissance Nashville Hotel Zeitlin & Co., Realtors Gresham, Smith & Partners Work & Greer, PC Sheraton Nashville Downtown PUBLIC RELATIONS AND MARKETING GroovySoup Union Station Hotel Atkinson Public Relations RE TAIL, RESTAURANTS Hastings Architecture Associates, LLC CHURCHES Dye, Van Mol & Lawrence AND ENTERTAINMENT Hawkins Partners, Inc. Christ Church Cathedral LEGAL SERVICES Event Logistics, Inc. AmeriSite Sixth Avenue Storage InForm Smallwood + Nickle, LLC Downtown Presbyterian Church Ba ker, Donelson, Bearman, Caldwell & Hall Strategies Dunn Bros. Coffee LandDesign, Inc. First Baptist Nashville Berkowitz, PC Katcher Vaughn & Bailey Public Relations Efficient Fitness, LLC Looney Ricks Kiss Bass Berry & Sims PLC McNeely Pigott & Fox Public Relations, LLC Jack’s Bar-B-Que RPM Transportation Consultants, LLC CONSTRUCTION Frost Brown Todd LLC MAC Presents Legends Corner Sorci & Swords Design American Constructors, Inc. Gullett, Sanford, Robinson & Martin PLLC The Second Fiddle STG Design Inc. R.G. Anderson Co., Inc. Harwell Howard Hyne Gabbert & Manner, PC RE AL ESTATE BROKERS, DEVELOPERS The Stage on Broadway Tuck Hinton Architects Bell & Associates Construction, LP Lewis, King, Krieg & Waldrop, P.C. AND PROPERTY MANAGEMENT W. L. Hailey and Company, Inc. Manier & Herod Bristol Development Group SECURITY ARTS AND ENTERTAINMENT Knestrick Contractor, Inc. Neal & Howard, PLC C.B. Ragland Company Block-by-Block Frist Center for the Visual Arts Stansell Electric Company Sherrard & Roe, PLC CB Richard Ellis Nashville Predators Turner Universal Construction Company Stites & Harbison PLLC Carell Family, LLC UTILITIES The Nashville Symphony Trauger & Tuke Cook Properties AT&T Ryman Auditorium CORPORATE OFFICES Tune, Entrekin & White, PC Core Development Services, LLC Nashville Electric Service Tennessee Performing Arts Center AND UNIVERSITIES Waller Lansden Dortch & Davis, PLLC Corner Partnership, LLC Piedmont Natural Gas CVS Caremark Crosland, LLC BANKING, FINANCIAL Central Parking System MEDIA Eakin Partners, LLC AND ACCOUNTING SERVICES Louisiana Pacific Corporation The Tennessean First Management Services Avenue Bank Nissan North America FRI Management, Inc. The Bank of Nashville Qualifacts Systems, Inc. METRO GOVERNMENT HND Realty BDO Seidman, LLP Te nnessee State University Ma yor’s Office of Economic and Howard & Manis Enterprises, LLC Capital Wealth Advisors, LLC Avon Williams Campus Community Development MJM Real Estate Investments, LLC CapStar Bank Vanderbilt University Metropolitan Nashville Airport Authority MarketStreet Enterprises LLC Fe deral Reserve Bank of Atlanta Nashville Convention Center NAI Nashville (Nashville Branch) DENTAL SERVICES Na shville Commercial Real Fifth Third Bank Thomas W. Nabors, DDS NON-PROFITS AND ORGANIZATIONS Estate Services First Tennessee Bank The DISTRICT One Nashville Place FirstBank Downtown YMCA Parkway Properties, Inc. KraftCPAs, PLLC Nashville City Club Robin Realty Company LLC 09NASHVILLE DOWNTOWN PARTNERSHIP 615.743.3090 www.nashvilledowntown.com To make downtown Nashville the compelling urban center www.parkitdowntown.com 150 Fourth Avenue North, Suite G-150 in the Southeast in which to LIVE, WORK, PLAY and INVEST Nashville, TN 37219