ANNUALANNUAL REPORTREPORT FY 2012—2013 DOWNTOWN MOBILE DISTRICT MANAGEMENT CORPORATION

DOWNTOWN MOBILE ALLIANCE MAIN STREET MOBILE FROMFROM THETHE PRESIDENTPRESIDENT Elizabeth S. Sanders President & Chief Executive Officer AA CLEANCLEAN ANDAND FRIENDLYFRIENDLY PLACEPLACE All throughout the day, the BID Services Hotline is answered with Last year, I told you that we would be pursuing for Alabama a state work to do on the infrastructure to boost this – namely in retailing. It is not by accident that Downtown Mobile is such a special place. A team of a dozen Regents and Stewards heads “how may I assist you?” This happens seven days per week, 52 historic tax credit. Well, thanks to the efforts of the bill sponsor Rep. Last year we launched a low interest loan program targeting new weeks per year. “How may I assist you” is frankly the motto of the Victor Gaston, the bill was signed into law by Governor Bentley on retail and our Sign Incentive program helped fund beautiful new out each morning with one mission: make downtown as clean and lovely and welcoming as any city in the nation. 91,000 PEOPLE Downtown Mobile Alliance. We assist not just by picking up litter May 15. Our state now joins the more than 33 other states that offer signs at Olensky Brothers, TP Crockmiers, Serda’s Coffee, and the were provided information and reporting streetlights out, but also by conducting research this successful incentive. Victor was joined by the entire Mobile/ Soul Kitchen. Mr. Olensky tells us that the response to their sign has Seven days a week they patrol the 77-square blocks of the and being a team of professionals whose total focus is in making Baldwin delegation in supporting this important legislation. I also been remarkable with people asking when he opened. Of course the Business Improvement District, collecting litter & debris, Downtown Mobile the place you and your customers want to be. want to recognize the unflappable Beth Marietta Lyons for her answer is over 25 years ago! power washing sidewalks, planting & maintaining 200 shepherding of this legislation. We had lots of partners with lots of flower beds, and providing visitor and motorist assistance. 105 ISSUES Over the past year, the Regents & Stewards were called upon to agendas on this one and it was no small feat to keep the coalition Storytelling is something we do daily. Humans thrive and grow in dy- You know them as the folks in purple and yellow, and for the of nuisance were resolved assist with directions, sidewalk washing, car unlocks, flat tires, together. namic environments. Telling the story, in all of its complexity, is the thousands of visitors, residents and workers who see them graffiti removal, weed abatement, tree planting, etc. Downtown Mo- key to keeping people engaged and interested. We do that with an every day, they are a constant reminder that downtown is a bile is clean to a degree not seen in many cities. That is not just our I am thrilled to announce that our retail incubator, Urban Emporium, uncountable number of partners and it is by working together and place that matters. 135 HITS opinion; we hear it over and over again from visitors who say it with has received a leadership award from the International Downtown telling each other’s stories that we accomplish greatness. One of of grafitti were removed “When you can work amazement. We are also called upon to assist in other ways. Over Association. This is only the second award a Mobile project has won our greatest partners is the city of Mobile. We anticipate in this time the last year, we relayed to the city council the needs and concerns from this organization-the first being the RSA Battle House project. of transition that Mr. Stimpson will move forward with the passion anywhere with a of our members during the discussions on numerous policy issues Please support downtown’s nascent retailers. Repeatedly, I hear how for downtown that Mike and Sam have previously shown. We will all 933 TOTAL 772 MOTORISTS including the entertainment ordinance – the latter a topic that we need more retail downtown. It will not happen if we don’t support need to help the new administration keep focused like a laser on storm drains cleaned tablet and a cell logged hundreds, if not thousands of hours of time for our office the retailers who open! This winter we will launch a Downtown downtown’s growth. The city is a complicated entity and it is our job, were assisted staff in the fielding of calls, holding of meetings, and researching of Mobile gift card which can be used at dozens of restaurants and yours and mine, to keep downtown top of mind for the mayor. phone, why would best practices in other downtowns. retailers. I ask you to commit to purchasing the cards for employee you choose a beige incentives, customer gifts, wives, friends, whatever. Make a com- Currently, there is over 100,000 SF of office space under construc- 1,390 BLOCKS 156 HANDBILLS In October 2012, we hosted Andres Duany and his team during a mitment to local entrepreneurs. Let’s grow from within. tion downtown. Van Antwerp-BBVA Compass, Kress, Iberia – who weeded were removed building in a parking weeklong charrette that included 3 public meetings, 5 topical dis- can believe what is happening on Royal Street! cussion events, and 5 days of open studio time for the public – all Last year we lauded the start of a new joint facility at Congress & lot when you could so that people could come and discuss their aspirations for down- Washington for the Mobile Rescue Mission and 15 Place. Today we As you all have read, the world is changing to a “Work anywhere” town’s development. Attendance was amazing. The resulting report celebrate their move there. Money is still needed for this project so environment. When you can work anywhere with a tablet and a cell 1,285 HOURS 14 REPORTS have a great and makes important recommendations on roadway improvements to please give generously when asked. Our challenge now is to backfill phone, why would you choose a beige building in a parking lot when of flower watering of immediate safety hazards stop certain streets from being superspeedways, suggests locations the properties being vacated with uses that are healthy for the you could have a great and lively downtown with places like Serda’s lively downtown with for additional housing on the edges of downtown, and makes an historic buildings and for the neighborhoods in which they sit. and Heroes, Cathedral Sq and the Crescent Theater, walking and places like Serda’s exciting recommendation for a Highline-type park connecting the biking, flowers and trees? Two of the fastest growing companies in 5,475 HOURS 2 LOST business core to the waterfront. The form based code will modernize Speaking of giving, the Barton Academy for Advanced World downtown -Hargrove Engineers and Red Square- know this intently. of sidewalk sweeping children found and Heroes, Ca- the zoning code for downtown and provide in one place a clear set Studies is on the way to reality. With $3.5M in bond funding, the People thrive on human interaction. There are reasons why people of guidelines for high quality infill development in downtown. We school system is moving forward with this truly unique school in choose the plain, beige building in a parking lot – safety, sameness, thedral Sq and the urge the city to support the Duany code and to move forward with its the oldest and most significant school building in Alabama. The convenience. For this reason, we have to protect the urban experi- adoption and implementation. private fundraising has begun with a $250,000 lead gift to the ence by making the public spaces cleaner and livelier, our downtown 119,430 POUNDS 16 INCIDENTS Crescent Theater, Barton Academy Foundation from the Hearin Chandler Foundation. neighborhoods safer and more inviting, and the inconveniences like of litter removed of public intoxication handled For the past two years Mary Anne Ball has chaired our Blight Task This transformative school should be the number one priority for parking more palatable. That is what the BID does every day. walking and biking, Force. In the spring, Mayor Jones announced the most comprehen- our downtown community as it will provide a place to prepare our sive attempt by the city to address neglect in downtown in more brightest children for success in a global economy. We at the Downtown Alliance are here to listen to your aspirations 4 LOST flowers and trees?” than 25 years, if not 300 years! This was a courageous thing to do; and to bring resources to bear to make the best ones happen. We 65,340 POUNDS cars found it is paying off for dozens of buildings; and we thank Mayor Jones for We operate in our office a downtown information center. We have cannot do that without your support. Please join the Downtown Alli- of leaves removed (possibly related to the public intoxication) leading his staff towards this ongoing initiative. For years, we have frankly been amazed by the number of visitors we have from all ance; please donate to Main Street Mobile; and by all means develop been chewed on by members about this issue. We appreciate the over the world. We hosted tourists from Paris, Oslo, even Tasmania! property in the BID and pay the assessment that undergirds all of city’s leadership in addressing the concerns of the property owners Last year nearly 50% of the sales at the Urban Emporium, our the services. People are willing to leave the beige box in the parking who have invested in their properties only to have the investment retail incubator, were from people whose zip code was from places lot because downtown is clean and safe and fun. With the right diminished by neighboring properties that are allowed to linger in outside of Alabama. With the finest collection of lodging options in resources and creative thinking we can all be a part of building an STEWARDS REGENTS decrepitude. any downtown in Alabama, we are in the tourism business. We have ever more vibrant and successful city. URBAN EMPORIUM continued advocating for State Historic Tax Credits for The most visible program is our Signage Grant incentive. The Urban Emporium, our retail incubator, continued rehabilitation projects undertaken in Alabama. 2013 saw The Alliance will provide up to $8000 towards the design to attract new or expanding retailers to downtown. The the passage of legislation implementing this program, and creation of engaging signs along Dauphin and Royal A PROSPEROUS PLACE making the state more competitive with neighboring streets. In 2012-13 three remarkable signs were installed: A PROSPEROUS PLACE tenant mix offered everything from women’s clothing Downtown Mobile has experienced a level of development activity not seen since 2007. Much of this activity can be attributed to and accessories to upscale pet supplies and stationery. states that have used the credits to bring many millions of T.P. Crockmier’s, Soul Kitchen and Serda’s Coffee Company. Start up retail is a very dynamic enterprise, making the dollars of investment in their communities. All three provide visual energy to the streetscape both a generally improving economy and expansions at Austal, and then compounded by the interest in our area generated by the new task of fi lling the available space at the Emporium a night and day, and instantly brand their businesses. Airbus assembly plant. Eight buildings underwent major renovations, totaling almost $47 million in investment in downtown. daunting one; however we saw 14 tenants celebrate their The State New Markets Tax Credits, passed in the previous fi rst anniversary in 2013. One service of Springboard legislative session, are already having an impact on A single Retail Forgivable Loan was granted last year to to Success, the non-profi t that oversees the Emporium, projects in the Port City. GulfQuest, the National Maritime T.P. Crockmier’s. This established mid-town restaurant was OFFICE MARKET Many businesses that located downtown this year cited NEW BUSINESSES is merchant training provided by a professional retail Museum of the Gulf of Mexico, was awarded the credits to relocating to one of downtown’s premier intersections and Thirty-one new businesses are calling Downtown’s offi ce market held stable and actually its central location between the Eastern Shore and Mobile consultant. That program was expanded in 2013, with help fi nance the state-of-the-art exhibits. involved a massive renovation of a large, though dated Downtown Mobile home, including six new absorbed an additional 12,000 square feet of offi ce space. as a primary deciding factor. Our location at the heart of restaurants: monthly meetings covering topics such as inventory space. The Retail Forgivable Loan has since evolved into a both population growth centers seems to be positioning control and loss prevention. Legislation allowing the creation of Cultural Districts in Low Interest Loan program. With a market size just under two million square feet, downtown well for the future. Fine Line Designs Draft Picks cities across Alabama was introduced, but failed to pass downtown saw an overall vacancy rate of 22.5%, a slight Robert McCown Jack Out the Box The following merchants celebrated one year with the for the second year. These districts would incentivize Our incentive programs are funded in large part through improvement over the previous year. The top tier properties One of the many services provided by our Downtown T.P. Crockmier’s Joachim Street Urban Emporium: new artistic enterprises in the state’s urban centers and support from Austal. To these great supporters of a vibrant Antique Mall experience a vacancy rate of 6.4%. Economic Development department is assisting developers Pita Pit Bungalows Eco-dogs encourage the revitalization of entire neighborhoods. downtown, we give a great big “Thank You!” Rumor Union in navigating the city’s permitting and code compliance Big Brothers Big Modish Market Earthchic Sisters ServisFirst The renovation of the historic Van Antwerp building was process. This process can overwhelm anyone who isn’t Threadcase Very Vintage RETAIL INCENTIVES BLIGHT INITIATIVE Six Degrees Quality Inn announced and the renovation of the RSA Trustmark familiar with the many requirements that must be Jambalaya BayBears Attracting retail downtown is one of the most challenging The Alliance partnered with the City of Mobile to continue Marketing Spire building was completed. Many people had written off satisfi ed before a project can come to life. Fortunately, A. Renee Boutique Lyonstate tasks undertaken by the Downtown Mobile Alliance. its push to rid downtown of the cancer of blighted Ramsey Denniston Portal this 1960s offi ce tower as dowdy and outdated, but the we have become fairly profi cient in this area and are Paper Jubilee Gracie’s Gift Cards Independent retailers as a whole struggle to compete with the properties. City inspectors undertook an Enhanced The Union Alford Bolin Dowdy $45 million RSA investment has created an upscale, frequently called upon to “make this happen.” Made in the Shea MARC retail behemoths that dot the Airport Boulevards of our cities. Property Maintenance Initiative and conducted a sweep of Moe’s Original BBQ LLC contemporary building with an exterior lighting display Add to that the idea of moving into an unknown marketplace downtown property in the Spring of 2013. The inspections His and Her Tanning Haberdasher that, in combination with the RSA Battle House Tower, has For a copy of the current Offi ce Market Report and Major LESIGLATIVE UPDATES like Downtown Mobile and most just think that being the fi rst and citations resulted in the repair and, in some cases, LoDa Bier Garten Powell & Associates created an appealing, ever-changing display for residents Investment Report, visit www.downtownmobile.org. With so many historic buildings in Downtown Mobile in is too risky. To make downtown a more attractive option, the the sale of several dilapidated properties. TAG Richard Hinds LLC and visitors alike. in need of renovation, the Downtown Mobile Alliance Alliance has created a package of incentives. Delicious Dietician Saddle Up Saloon Teaz/Jaggers T. Parker Host Gulf Dauphin Street Worldwide Express Blues

01 // T.P. Crockmier’s Sign

02 // Urban Emporium

03 // Form Based Code Team

04 // Urban Emporium

05 // GulfQuest National Maritime Museum of the Gulf of Mexico

01 02 03 04 05 06 06 // Blight issues being repaired When it comes to social media, the Downtown Mobile AA PLACEPLACE WHEREWHERE THETHE COOLCOOL AA CONNECTEDCONNECTED PLACEPLACE Alliance is all over the place…in a good way.

And what an interesting story it has been! 2012-13 saw many new would result in more underage drinking and rowdy behavior, that events, the growth of some existing ones, a few controversies here has not been the case, at least in the first six months of its passage. and there…in other words, the story of a dynamic place with many KIDSKIDS GOGO engaged stakeholders. CONTACT REPORT A PROBLEM BID HOTLINE: 251.327.SAFE The world of market- CLEANER, GREENER LODA In its second year, the Alliance’s Cleaner, Greener LoDa effort 01 // National Dance Day ABOUT US IN THE KNOW EXPLORE DOWNTOWNBUSINESS DEVELOPMENT REAL ESTATE EVENTS CALENDAR NORTH POLE STROLL ing and communi- engaged more volunteers and consequently collected more 02 // Easter in the Squares 1 Santa recyclables at two of downtown’s most heavily attended events: 3,000+ cations has changed 1 Giant Snow Globe Mardi Gras and BayFest. 03 // Dauphin Street Vault 3 Stroll Trains Fans on Facebook profoundly in recent 6000 smiles Mardi Gras: 40 Volunteers collected 100 pounds of aluminum and 12 giant bags full of plastic bottles. years. On the one EASTER IN THE SQUARES BayFest: 100 volunteers collected 500 pounds of aluminum and an hand, it is easier to 1 Easter Bunny uncounted, but significant, number of bags of plastic bottles. 150 Easter Bonnets craft our own mes- 1500 Easter Eggs OYSTER TRAIL sage and “get it out 300 children competing with squirrels for the eggs The Alliance partnered with the Mobile Oyster Gardening program and the Mobile Arts Council to launch the Oyster Trail, a project 1,000 there.” On the other NATIONAL DANCE DAY that combines public art, environmental awareness and tourism. Followers on Twitter The dozen (of course) 4-foot sculptures were each sponsored by a hand, it’s getting 1 BayBear Mascot 5 Dance Instructors company or organization and embellished by various local artists. 150 Dancers, age 18 months to 83 Each also has an interesting fact about the importance of our more difficult to favorite bi-valve to the economy and environment of our area. They know where “there” are placed strategically throughout downtown to encourage visitors ENTERTAINMENT DISTRICT to stroll from one end of the city center to the other. is when it comes to 2012-13 saw the lively debate over the formation of an More than 3000 fans “like” us on Facebook; 1000 All of these platforms are designed to drive people to our website, resulting traffic generated has been astonishing. Our Entertainment District for Downtown Mobile. While most people people follow us on Twitter; Instagram has proven downtownmobile.org, which was redesigned and relaunched in average monthly number of unique visitors went from reaching the many believed it was a good idea for patrons to be able to walk around SHOP BY MOONLIGHT to be a great social site for sharing and conducting 2013. We knew from our analytics that most visitors to the site go 3800/month to more than 5400 and our total number of Contests on our lovely sidewalks with an adult beverage, there was serious In an effort to increase the awareness of the many retail options photo contests; and more than 500 people follow our to the real estate and events sections, so we worked very hard with visits went from 93,000 to more than 1,113,000! Photo sharing audiences for down- disagreement over which sections of downtown should be included. downtown, the Alliance organized and promoted Shop by Moonlight 02 “pins” on Pinterest, a site that is filled with lavish Dogwood Productions to make that information more useful and and contests Ultimately maps were more or less agreed upon and approved by during the holiday shopping season. Many downtown retailers photographs of downtown. accessible. Not only does the new site look and feel very current, the town’s messages. the City Council, resulting in one district encompassing the hotels, stayed open late on Thursday evenings and offered refreshments To that end, we’ve restaurants and night spots on the east end of downtown and one along with special deals. Shopper response varied from store to on the west. Though concerns were expressed that the ordinance store, but all agreed it was worth the effort. added more tools to our communications arsenal, while still 500+ Followers on Pinterest relying on our friends in the traditional media to help tell downtown’s story. 5,400+ 1,113,000+ Monthly website visitors Total website visits 01 03 Statement of Revenues & Expenses AA PLACEPLACE FORFOR PARTNERSHIPSPARTNERSHIPS MAINMAIN STREETSTREET MOBILE,MOBILE, INC.INC. Modified Cash Basis for year ended June 30, 2013 Statement of Assets, Liabilities & Net Assets Modified Cash Basis (audited) as of June 30, 2013 Contributions STAFF DOWNTOWN MOBILE ALLIANCE // Board of Directors // 2012-2013 Cash and Cash Equiv. 228,465 Program Revenue Total Contributions $9,950 Assets Due from Downtown Mobile 115 Elizabeth Stevens Sanders CHAIRMAN VICE CHAIRMAN FOR SECRETARY Wanda Cochran, Wanda J. Monica Garsed, Mobile Gas Joseph P. Toole, The Retirement Current * * District Management Corporation & Grants President & CEO Tyrone Fenderson, MEMBERSHIP & DEVELOPMENT Semih Kangal, Kangal & Cochran Attorney The Hon. Merceria Ludgood, Systems of Alabama Commonwealth National Bank* Richard Stimpson, Leavell Associates, L.L.C.* Rev. Johnny Cook, Christ Mobile County Commission* Stacy Wellborn, wellbornIdeas Assets Community Foundation 8,730 General Fred Rendfrey Investment Management* Cathedral Church Marc Jackson, Wells Fargo* Susan Wallace, Archdiocese of Total Current Assets $228,580 Endowment Proceeds Donations Endowment Economic Development Director VICE CHAIRMAN FOR ECONOMIC IMMEDIATE PAST CHAIRMAN Mike Cowart, Cowart Hospitality Mike Johnson, Bank Trust Mobile* 700 DEVELOPMENT VICE CHAIRMAN FOR PARKING Sam Covert, Alabama Power Services, LLC Anna Luce, Roberts Brothers North Pole Stroll 6,396 9,250 Carol Hunter Equipment 17,087 Mary Anne Ball, Bienville AND TRANSPORTATION Company Sheila Dean-Rosenbohm, Bruce McGowin, Hand Arendall EX-OFFICIO BOARD MEMBERS Total Communications Director Fixed Lt. Tommy Menton Memorial 2,000 Properties* Stephen Carter, *S & A International Shipholding Jeremy B. Milling, Milling Devereaux Bemis, City of Mobile Accumulated Depreciation (10,760) Assets Kristin McCracken Investment Strategies John Arendall, Regions Bank Corporation Commercial Realty Mayor Samuel L. Jones, City of Bienville Square 982 Finance Director VICE CHAIRMAN FOR PUBLIC Bill Barrick, Bellingrath The Hon. Mike Dow, Former Andy Newton, Southern Light Mobile Assets Total Property & Equipment $6,327 $234,907 Great Places Marker REALM TREASURER Gardens & Homes Mayor of Mobile Jay Olensky, Olensky Office Missy Hartley Margo Gilbert, The Battle House Jeb Shell, Hargrove Engineers + Pete Burns, Burns, Cunningham John Dukes, Helmsing Leach Supplies* War of 1812 Re-enactment 4,000 Program Coordinator Hotel* Constructors* & Mackey* Herlong Newman & Rouse, P.C. Sydney Raine, Mobile Works, Inc.* Steve Clements, Stephen E. Barbara Drummond, City of Mickie Russell, Roberts Tunnels to Towers 2,000 Valerie Longa Clements, PC* Mobile* Brothers* *DMDMC Board Temporary Liabilities & Project Coordinator Cathedral Square 900 REVENUE Brennan Donze Restricted Assets Net Assets Poinsettias 7,240 Total Revenues $55,054 Accounting Intern DOWNTOWN MOBILE ALLIANCE // Members // 2012-2013 Facade Grant 50,277 Unrestricted 144,709 Retail Incubator 10,000 Cathedral Square Fund 24,921 CONTRACTS Temporarily 90,198 Misc. Income & Products Sold 2,581 Investment Denise Browning LEADERSHIP CIRCLE Austal USA, LLC Roberts Brothers Real Estate Fort Conde Inn Southern Light Commerce Retail Incubator 11,000 Financial Consultant Alabama Power Company B B & T Bank SMG/Mobile Convention Center Hummingbird Ideas, Inc. The Bull Mobile Arts Council restricted Income Alabama State Port Authority Battle House Renaissance and Mobile Civic Center Innerspaice The Delicious Dietitian Mobile Baykeeper Tunnels to Towers 2,000 275 BID OPERATIONS Hargrove Engineers & Mobile Hotel Vickers, Riis, Murray and Curran, Inside Up The Ezell House Mobile Carnival Museum Lt. Tommy P. Menton Memorial 2,000 Total Program Revenue 44,829 Clayton Ratledge Constructors BBVA Compass Bank LLP ITAC Solutions The Royal Scam Mobile Museum of Art Total Net Assets 234,907 Operations Manager Red Square Agency Burns, Cunningham & Mackey, PC Volkert and Associates Joachim Street Antique Mall Toomey’s Mardi Gras Candy Mobile Opera, Inc. Total Temporarily Restricted Assets 90,198 Cabaniss, Johnston, Gardner, Ward Properties John Toomey & Company, Inc. Co. Inc. Mobile Symphony Brian Sandifer LEADERSHIP COUNCIL Dumas & O’Neal Kangal & Associates Urban Emporium Mobile United/Leadership Mobile Operations Supervisor Armbrecht Jackson LLP Candlewood Suites BUSINESS SUPPORTER Kangal Gallery in the Sail Loft Wellborn Ideas Richards DAR House Burr & Forman LLP Delashmet & Marchand AHI Properties / Clean as a LA + South, Inc Wintzell’s Oyster House South Alabama Regional Hap Kern, Horticulturist Hand Arendall, LLC Gulf States Engineering, Inc. Whistle Logical Computer Solutions Planning Commission Total Operating Expenses $42,334 OPERATING EXPENSES International Shipholding Hampton Inn & Suites Mobile Alabama Coast Multimedia Marine Rigging, Inc. NON-PROFITS The Community Foundation of Temporary Restricted Net Assets Not Released 119,160 STEWARDS Corporation Downtown Armstrong & Associates McElhaney State Farm Insurance 7 Dauphin Street LLC South Alabama Michael McGarry Mobile Airport Authority Hancock Bank Baumhower’s Wings Restaurants Mediterranean Sandwich Co. Alabama Coastal Foundation United Way of Southwest Lorenzo Franklin Mobile Gas Helmsing, Leach, Herlong, Bellwether Group Milling Commercial Realty Bellingrath Gardens and Home Alabama Supporting & Program Services Yolanda Duncan NAI Mobile/Peebles & Cameron Newman & Rouse, LLC Boo Radley’s Mobile’s Best Storage Big Brothers Big Sisters University of South Alabama REVENUE vs EXPENSE Matthew Davenport Phelps Dunbar Heroes Sports Bar & Grille Buck’s Pizza Pita Pit Christ Church Cathedral Foundation Events $12,177 Excess Revenues over Expenses $12,720 Jeremy Perry PNC Bank Leavell Investment Management Cathedral Square Gallery O’Dalys Greater Mobile Development Waterfront Rescue Mission Paisley Wade Regions Bank McDowell, Knight, Roedder, Commonwealth National Bank Olensky Brothers Office Products Corp. Wilmer Hall Marketing 4,616 DONOR RECOGNITION Safe Archives Sledge, LLC Covered Boutique Optera Creative, Inc. Gulf Coast Exploreum YMCA of South Alabama Develpment Programs 14,000 REGENTS Trustmark Mostellar & Shreve, LLP Cowart Hospitality Services, LLC Panini Pete’s GulfQuest Endowment Tommy Menton Memorial Cathedral Square Amanda Sutton Norton Lilly International Crescent Theater Robert S. Edington Law Office Historic Mobile Preservation Public Improvements 3,590 Stephen Carter Point Clear Hotels Rita Greenbaum Brentt Bradley BUSINESS ADVOCATE Renaissance Mobile Riverview dakinstreet architects Rossler & Reddit Law Firm, LLC Society Houston Williamson Management & General Expense 7,951 Steve Clements Adams & Reese Plaza Hotel Firehouse Bar Inc. Serda’s Coffee Co. Mobile Area Chamber Of Bienville Square Great Places Marker Retail Incubator Total $42,334 Richard Stimpson Hon. Bess Rich J.L. Bedsole Foundation Liabilities & 02

DOWNTOWNDOWNTOWN MOBILEMOBILE DISTRICTDISTRICT Net Assets DOWNTOWNDOWNTOWN MOBILEMOBILE ALLIANCEALLIANCE 01 Modified Cash Basis for year ended June 30, 2013 01/ Payroll Liabilities $3,401 Statement of Revenues & Expenses 02/ Prepaid Annual 3,600 MANAGEMENTMANAGEMENT CORPORACORPORATIONTION Meeting Sponsors 03/ Prepaid Contract 105,600 Current Assets Fixed Income EXPENSES REVENUE 04/ Prepaid Assessment 21,942 Total Operating Expenses $261,832 Total Revenues $240,124 Cash & Cash Equiv. $545,994 Income 05 Assets 01 02 03 04 01/ Form Based Code 170,154 06 Total Current Liabilities $134,543 02/ Retail Incubator Grant 30,000 01/ Membership 76,625 04/ Mayor’s 6,440 01/ Office Furniture & Equip. 120,644 03/ Software 25,865 Dues Breakfast 04 =40,000 03/ Office Supplies 431 02/ Leasehold Improvements 77,943 04/ Accumulated (170,284) Net 04/ Marketing 5,123 02/ GoZone 135,000 05/ Retail Incentives 18,420 Depreciation Financing Program 03 Assets 05/ Membership Development 909 Total Current Assets $545,994 Total Property & Equipment $54,168 06/ Professional Services 14,795 03/ Downtown 1,250 06/ Other Income 2,389 $465,619 TOTAL LIABILITIES Living Tour 07/ Office Services 22,000 TOTAL ASSETS $600,162 & NET ASSETS $600,162 08/ Incentives Program 18,420

05 -21,708 03 Excess Revenues Over Expenses -21,708 ASSETS, LIABILITIES & NET ASSETS 01 02 04 06 07 08 Modified Cash Basis (audited) as of June 30, 2013 Revenue Operating Expenses ASSETS, LIABILITIES & NET ASSETS Statement of Assets, Liabilities & Net Assets Modified Cash Basis as of June 30, 2013 01/ Assessment Income $708,157 (51%) 08 01/ Business Recruitment/Retention $184,208 (15%) 06/ Depreciation 23,490 (2%) Operating 02 04 02/ Interest Charges on 2,430 (0%) 09 02/ Communication & Marketing 197,878 (16%) 07/ Education & Meetings 27,118 (2%) 06 Assessments Expenses 07 05 03/ Public Space Management 608,398 (50%) 08/ Annual Meeting 33,718 (3%) Liabilities & Due to Downtown Mobile Net Assets 03/ Contracts & Main St. 609,073 (44%) 03 01 Assets District Management Program Funds 04/ Special Projects/Landscape 11,875 (1%) 09/ Professional Services 46,679 (4%) Cash and Cash Equiv. Net Assets Corporation Designated Funds 04/ Downtown Mobile Alliance 22,000 (2%) 05/ Office Expenses 85,612 (7%) Current 19,167 Retail Assets 245,448 300 05/ Meetings 40,485 (3%) Total Operating Expenses $1,218,977 (97%) Forgivable Undesignated Funds 262,448 06/ Uncategorized Income 500 (0%) Loan Liabilities 242,981 07/ Interest Income 2,468 (0%) Program Total Assets REVENUES & EXPENSES 17,000 Total Net Assets $262,448 Total Revenues $1,385,113 (100%) Excess Revenues Over Expenses $166,136 (3%) $262,448 DOWNTOWNDOWNTOWN MOBILEMOBILE ALLIANCEALLIANCE DOWNTOWNMOBILE.ORG 251.434.8498 261 Dauphin Street • Mobile, Alabama 36602