2009 annual report the transformation of Detroit’s riverfront The transformation has begun From a once desolate and neglected riverfront, the Detroit RiverFront Conservancy is bringing the Detroit River, our source of drinking water, irrigation, recreation and a gateway for shipping and transportation for more than 300 years, back into the spotlight. By creating a natural environment in an urban setting, we are reconnecting people with nature, each other, their communities and with the river that has been the very lifeline of Detroit.

2009 annual report

the transformation of Detroit’s riverfront the transformation Of Detroit’s Riverfront

It has been six years since the non-profit organization, The Detroit RiverFront Conservancy has transformed the Detroit RiverFront Conservancy, was founded the riverfront from 19th century rail yards asphalted with a mission of bringing public access to Detroit’s over for 20th century parking lots and city maintenance riverfront and serving as a catalyst for economic yards, into 21st century public gardens and development of the riverfront district promenades through the construction, and the City of Detroit. In that time, operations, maintenance and programming its vision has remained the same, of the Detroit RiverWalk. As it has five-and-a-half miles of connected since its inception, the Conservancy riverfront, from bridge to bridge continues to raise capital funds and beyond. And while more necessary for building and work remains to be completed, maintaining the RiverWalk. As we there is much to celebrate with continue to attract critical mass to There is much to celebrate three miles of developed riverfront a once-blighted stretch of this currently open and accessible for the international waterway, our partnership With three miles of community to enjoy including lovely with the public-private sector continues to pavilions, plazas, parks and green space connecting drive this transformation. developed riverfront the citizens of the City and region to the very waterway currently open and on which the City was founded. While our mission provides for beautiful developed public spaces where accessible for the visitors can watch freighters and fishing boats sail by, this project also serves community to enjoy. to promote a thriving, walkable and connected area. GM Plaza The fountains at GM Plaza have quickly A letter from become a vibrant and leadership enticing gathering place As you take a stroll along the RiverWalk, it’s sometimes complete, and the challenges posed by the economic difficult to remember that just a little under five years climate, 2009 was a critical year for the Detroit RiverFront for all… whether for ago it wouldn’t have been possible. The transformation Conservancy. In order to chart the right course for the of Detroit’s riverfront has been so dramatic that the vision organization and the riverfront for the next five years, the a lively summer time of the abandoned industrial sites, vacant warehouses, Conservancy’s Board of Directors commissioned the shuttered businesses and cement silos are beginning to development of a new strategic plan. Through the hard concert or a refreshing fade from our memory. work of our Strategic Planning committee, we gathered significant feedback and input from stroll through our The restoration, which is currently many critical stakeholders on the underway, has now given a reason for riverfront. beautiful fountains, thousands of people to visit the Detroit riverfront, many for the The plan, completed in December adults and kids of all very first time.T heir memories are 2009, serves as our roadmap as we now dotted with visions of trees, continue development of Detroit’s ages have come to fountains, flowers, bicycles, ice International Riverfront – the face of cream cones, a carousel and most Detroit – into a beautiful, exciting, safe, enjoy this beautiful importantly, people. Lots of people – accessible, world-class gathering place for relaxing, fishing, exercising, playing, all. public space on their connecting with friends and making new friends. We thank you for your continued support and invite you visits to the riverfront. It is this new vision that continues to inspire and drive to enjoy our 2009 annual report, which not only highlights our commitment to completing our ultimate vision of our growth and progress this past year, but also reminds five-and-a-half miles of developed riverfront, from you just how far we’ve truly come. bridge to bridge and beyond. Matthew P. Cullen Faye Alexander Nelson With the tremendous progress made on the project in Board Chairman President & CEO such a short time, 80 percent of the east riverfront Detroit RiverFront Conservancy Detroit RiverFront Conservancy

2009 ANNUAL REPORT PAGE 2 A letter from leadership

As you take a stroll along the RiverWalk, it’s sometimes complete, and the challengesSEE posed the by the economic difficult to remember that just a little under five years climate, 2009 was a critical year for the Detroit RiverFront ago it wouldn’t have been possible. The transformation Conservancy. In order to chart the right course for the of Detroit’s riverfront has been so dramatic that the vision organization andtransform the riverfront for the nextation five years, the of the abandoned industrial sites, vacant warehouses, Conservancy’s Board of Directors commissioned the shuttered businesses and cement silos are beginning to development of a new strategic plan. Through the hard fade from our memory. work of our Strategic Planning committee, we gathered significant feedback and input from The restoration, which is currently many critical stakeholders on the underway, has now given a reason for riverfront. thousands of people to visit the Detroit riverfront, many for the The plan, completed in December very first time.T heir memories are 2009, serves as our roadmap as we now dotted with visions of trees, continue development of Detroit’s fountains, flowers, bicycles, ice International Riverfront – the face of cream cones, a carousel and most Detroit – into a beautiful, exciting, safe, importantly, people. Lots of people – accessible, world-class gathering place for relaxing, fishing, exercising, playing, all. connecting with friends and making new friends. We thank you for your continued support and invite you It is this new vision that continues to inspire and drive to enjoy our 2009 annual report, which not only highlights our commitment to completing our ultimate vision of our growth and progress this past year, but also reminds five-and-a-half miles of developed riverfront, from you just how far we’ve truly come. bridge to bridge and beyond. Matthew P. Cullen Faye Alexander Nelson With the tremendous progress made on the project in Board Chairman President & CEO such a short time, 80 percent of the east riverfront MatthewDetroit RiverFront P. Cullen ConservancyFaye AlexanderDetroit Nelson RiverFront Conservancy Board Chairman President & CEO

2009 ANNUAL REPORT PAGE 2

enrichment

Stories of geography, natural resources, water cloth patterns inspired paving colors and patterns, transport, and cultural history are embedded in the celebrating the ethnic heritage of the Detroit area, design of the Detroit riverfront. A sculptural glass adding subtle cultural cues and accents. The wall traces the reach of the Detroit River within the Dequindre Cut Greenway, part of the inland access to Great Lakes and the St. Lawrence Seaway giving the riverfront, retained its original graffiti and urban visitors a quick geography lesson on maritime trade artwork along its route, making it a unique urban routes. A large-scale inlaid granite map set in the attraction. The custom-designed Cullen Family pavement shows the relationship of the Detroit River Carousel features creatures native to the river, as well and its islands to the City and to Windsor, Ontario. as a whimsical river mermaid and sea monster. Design studies of African textile design and kente

The East Riverfront Public Private development partnership

Working with the City of Detroit, community groups, As the stewards of this walkable public space, the Through a public/private partnership, the east is underway to support the construction and operations private entities, foundations and corporations, Detroit RiverFront Conservancy houses at Rivard riverfront development was launched in 2003 as a costs necessary to complete this development. Conservancy design teams developed plans for the Plaza its 24-hour security command center and $300 million project that is anticipated to leverage riverfront based on the overarching goal of five-and-a- operations team that is responsible for the cleaning, hundreds of millions of dollars of investment in A broad cross section of public and private half miles of public access development, from the landscaping and other maintenance associated with the riverfront district over time. As to the non- organizations and individuals represent the core Ambassador Bridge to Gabriel Richard the ongoing upkeep of the riverfront. profit Detroit RiverFront Conservancy, components of the Conservancy’s Board, Park, just east of the McArthur “Belle three key partners served as the its composition and overall effort Isle” Bridge connected by RiverWalk The creation of this beautiful space is catalyst for its launch and reflective of a growing trend across with plazas, pavilions, parks, harbors already drawing thousands of guests development: the City of Detroit, the country on how communities and green space. Today, 80 percent annually through its four seasons of General Motors and the Kresge sustain and revitalize their of the east riverfront project is active programming including: the Foundation. Subsequent to the respective areas. The public/ complete, providing an array of Detroit River Days festival, the establishment of the Conservancy, private collaboration has played amenities including cafés and international Red Bull Air Races, funding support has been a critical role in the Conservancy’s concessions, a carousel, bicycle the annual fireworks display, yoga, obtained from foundations, accomplishments and will be rental and sales shop, butterfly walking clubs, cross country skiing, corporations, individuals, families, looked to for continued support gardens, public art, docking facilities for snow shoeing, a Detroit Riverfront our Board and staff, and all levels of as it expands its development of a variety of water vessels, shoreline fishing, Chapter of the Audubon Society, Canine the public sector. Continuous fundraising public space. fountains and restrooms, which support the RiverWalk, Club social dog walking club, non-profit walks and runs, river boat tours and more. plaza and pavilion development. Our capital campaign continues, and a newly created annual fund development and membership program now exist as sustainability continues to be a critical component of this project.

2009 ANNUAL REPORT PAGE 6 the transformATION OF DETROIT’S RIVERFRONT Dequindre Cut Greenway Formerly a Grand Trunk railroad line, the Dequindre Cut is a below-level greenway with a decidedly urban feel stretching one-and- environmental a-half miles. Opened Taking care of the environment is an ongoing priority used in construction of the pavilions, and recycled in 2009, the Dequindre for the Conservancy. Our work to reclaim the Detroit concrete became sub-base and aggregate for new riverfront for public use and enjoyment is resulting paving systems. Native plantings along the Detroit Cut offers a paved in the clean up and repair of numerous brownfield riverfront were selected for their hardiness, seasonal sites. Repairs to existing seawalls, the interest and habitat value. In particular, the pedestrian and biking dredging and removal of former Butterfly Garden at Gabriel Richard Park industrial debris and the addition was specifically designed in recognition path that connects the of stone riprap along sections of of the river’s role as a major North seawall and shoreline have American flyway, providing habitat riverfront district and improved water quality and for migrating butterflies. The increased fish habitat in the guiding principles for our the surrounding Near- river. Urban run-off from new landscaping program include parking lots is directed through a organic-based turf management, end Neighborhoods to natural filtration for treatment water conservation techniques and prior to discharge. This project has devices, energy-efficient products that the Eastern Market area. also partnered with international minimize energy requirements, recycling of pollution prevention and control programs. landscaping waste and fuel conservation. In addition Together these efforts have helped increase native fish to environmentally friendly cleaners, biodegradable and waterfowl populations including bald eagles, trash bags, pet waste bags and paper products are used peregrine falcons, osprey, sturgeon, whitefish and to maintain the cleanliness of the RiverWalk. walleye. During construction, recycled materials were

2009 ANNUAL REPORT PAGE 8 SEE the

environmental transformation

Taking care of the environment is an ongoing priority used in construction of the pavilions, and recycled for the Conservancy. Our work to reclaim the Detroit concrete became sub-base and aggregate for new riverfront for public use and enjoyment is resulting paving systems. Native plantings along the Detroit in the clean up and repair of numerous brownfield riverfront were selected for their hardiness, seasonal sites. Repairs to existing seawalls, the interest and habitat value. In particular, the dredging and removal of former Butterfly Garden at Gabriel Richard Park industrial debris and the addition was specifically designed in recognition of stone riprap along sections of of the river’s role as a major North seawall and shoreline have American flyway, providing habitat improved water quality and for migrating butterflies. The increased fish habitat in the guiding principles for our river. Urban run-off from new landscaping program include parking lots is directed through a organic-based turf management, natural filtration for treatment water conservation techniques and prior to discharge. This project has devices, energy-efficient products that also partnered with international minimize energy requirements, recycling of pollution prevention and control programs. landscaping waste and fuel conservation. In addition Together these efforts have helped increase native fish to environmentally friendly cleaners, biodegradable and waterfowl populations including bald eagles, trash bags, pet waste bags and paper products are used peregrine falcons, osprey, sturgeon, whitefish and to maintain the cleanliness of the RiverWalk. walleye. During construction, recycled materials were

2009 ANNUAL REPORT PAGE 8

Socio/Economic impact

A project of this magnitude brings along with it the fishing, wildlife observation, interpretive signage, along the route, the Dequindre Cut has quickly grown dock/wharf. The Authority’s headquarters, a visitors’ anticipation of growth “beyond the blueprints.” The a wetland designed for storm water treatment, a into a unique urban attraction and one for which the center and a U.S. Custom’s processing site will be Detroit riverfront project has spured development in 52-slip harbor, covered picnic areas and a 63-foot Conservancy has assumed the operations and located within the terminal. The public dock will be and around its footprint that has further connected replica of the Tawas Lighthouse. The Park, 31 acres maintenance responsibility. As part of the Community adjacent to the new terminal and will accommodate the community to the river. upon completion, brings to Detroit a Foundation of Southeast Michigan’s all types of vessels including cruise ships, wealth of educational and recreational Greenways Initiatives, the greenways will ferries, water taxis and more. The Conservancy’s public/private opportunities for the community to continue to expand over the next five partners have made major progress experience on the riverfront. years, therefore connecting more The University Prep Science & with their respective riverfront communities to Detroit’s riverfront. Math High School – an developments providing vital The Dequindre Cut Greenway, academically competitive college linkages to the surrounding formerly a Grand Trunk Western The Detroit/Wayne County Port preparatory school located in the community. The following represents railroad line and part of the Authority Terminal and Wharf riverfront district slated to open an update on these efforts. inland access to the riverfront, is a just west of the Renaissance Center in the fall of 2010 – will ultimately one-and-a-half mile long paved is anticipated to bring considerable serve nearly 2,000 students once William G. Milliken State Park and pedestrian and biking greenway that economic and tourism opportunities fully populated in an original Harbor, the second phase of which opened opened in May 2009 connecting the to our City and to our region. Scheduled to warehouse structure that has been in October of 2009. As Michigan’s first and only riverfront essentially to Eastern Market along with be completed by late fall of 2010, the 21,000 redesigned into a state-of-the-art learning center. urban state park, the new phase coupled with the the surrounding neighborhoods to the waterfront. square-foot facility includes a terminal and public harbor portion of the park includes trails, shoreline Having retained its original graffiti and urban artwork

2009 ANNUAL REPORT PAGE 12 the transformATION OF DETROIT’S RIVERFRONT C i v i c C e n t e r P r o m e n a d e From unsightly silos and a neglected and barren riverfront, the Conservancy has transformed the water’s Progress continues edge into a clean, safe,

The next five years will continue to see more progress Progress means the Conservancy begins to move west in beautiful and accessible in the way of expansion and programs along the Detroit remaining focused on its overall vision to complete RiverWalk and its greenways. With an architectural and five-and-a-half miles of riverfront, which includes two gathering place for all, engineering team now in place, the Conservancy miles from Joe Louis Arena west to the Ambassador prepares to launch its final phase of construction Bridge. The Conservancy made its first footprint attracting thousands on the remaining east riverfront parcels on the west riverfront in 2007, purchasing that have yet to be developed in the 26 acres in 2008, which was the site of the of visitors annually spring of 2011. former Detroit Free Press printing plant, thanks to generous federal Progress also means improvements who come to walk, bike, appropriations. A conceptual design that extend on to Atwater Street, a plan that includes input from our key primary artery to the RiverWalk and exercise or simply relax stakeholders, property owners, the Dequindre Cut, that is expanding to City and community to develop the accommodate cyclists and street-side and reflect. west riverfront, bringing access to the parking, as well as upgrading its lighting river on the west much the same as we did and drainage systems. on the east, is in the final stages of completion. Progress along the waterways means more progress along the greenways as the Dequindre Cut is in the The riverfront has already provided tremendous value as it planning stages of expansion to continue connecting continues to bring people together throughout the region more neighborhoods further establishing Detroit as a and provides wonderful promise for the future. walkable community.

2009 ANNUAL REPORT PAGE 14 SEE the

Progress continuestransformation

The next five years will continue to see more progress Progress means the Conservancy begins to move west in in the way of expansion and programs along the Detroit remaining focused on its overall vision to complete RiverWalk and its greenways. With an architectural and five-and-a-half miles of riverfront, which includes two engineering team now in place, the Conservancy miles from Joe Louis Arena west to the Ambassador prepares to launch its final phase of construction Bridge. The Conservancy made its first footprint on the remaining east riverfront parcels on the west riverfront in 2007, purchasing that have yet to be developed in the 26 acres in 2008, which was the site of the spring of 2011. former Detroit Free Press printing plant, thanks to generous federal Progress also means improvements appropriations. A conceptual design that extend on to Atwater Street, a plan that includes input from our key primary artery to the RiverWalk and stakeholders, property owners, the Dequindre Cut, that is expanding to City and community to develop the accommodate cyclists and street-side west riverfront, bringing access to the parking, as well as upgrading its lighting river on the west much the same as we did and drainage systems. on the east, is in the final stages of completion. Progress along the waterways means more progress along the greenways as the Dequindre Cut is in the The riverfront has already provided tremendous value as it planning stages of expansion to continue connecting continues to bring people together throughout the region more neighborhoods further establishing Detroit as a and provides wonderful promise for the future. walkable community.

2009 ANNUAL REPORT PAGE 14

Anne j. Marszalek and $1,000 – $4999 Laureen Mohn leonard P. Marszalek Automation Alley Eugene and Sheila Mondry It is a pleasure for me to extend heartfelt appreciation from the Detroit RiverFront Conservancy to our Metaldyne, LLC Baruzzini Construction Company foundation loyal and generous supporters. The broad based support we have received from foundations, corporations, Metropolitan Affairs Coalition Richard Blouse MotorCities National Heritage Area individuals, the public sector, as well as the Conservancy’s Board and administration, are helping to make Matthew Moroun Center City Communications Inc. Michael Parise our vision a reality. Many of our donors make annual gifts to provide for the operations and maintenance Faye and Albert Taylor Nelson, Jr. Citizens Financial Group Bruce and Kimberly Peterson Pepper Hamilton LLP ClubCorp Financial family Fund of the River Walk. Others have considered the long term and have invested in our capital campaign or Pickard Family Fund management Company Dr. Bob Pettapiece our endowment. Both ways of giving are vital and, regardless of the level, meaningful. On behalf of the Posen Construction, Inc. Avern and Lois Cohn PMA Consultants Conservancy’s Board of Directors and staff, I would like to thank all of our donors for their support. Ram Realty Services Amy B. Coleman Porter Family Charitable Foundation Pamela E. Rodgers Barbara-Rose Collins Tene-Sandra Ramsey David K. Page, Esq. Nettie H. Seabrooks Community Central Bank Richard (Rip) Rapson J. Ronald Slavik Roger Cook Michael Rozny Vice-Chair – Detroit RiverFront Conservancy, Chair – Advancement Committee Strategic Staffing Solutions Nancy Darga S & V Construction Anthony M. and Randi R. G. Stroh Robert Davis Merton J and Beverly Segal Mr. and Mrs. Frederick C. Stroh Penny DeVaull support Foundation Carla and John W. Stroh, Jr. Patrick Devlin Lloyd and Goody Semple Pierre Stroh Dixon Masonry Public Sector Valerie Ellis and Randy Rutkofske Talon Group City of Detroit Robert Z. and Adrienne Feldstein Thyssen Krupp Budd Company The Mayor’s Office and City Council Mary Fleming Laura and Tom Trudeau Downtown Development Authority Franklin Partnership United Steelworkers Detroit Economic Growth General Linen Jonathan T. Walton Family Corporation donors Gordon H. Ward Trust Geraldine Slaughter Memorials Kathleen Hahn Wendler Giffels Webster Engineers Wayne County The County Executive and the $10,000,000 + The Stroh Companies, Inc. PVS Chemicals, Inc. Weyerhaeuser-Day Foundation GM Volunteer PLUS Program WH Canon Company John and Beth Grant County Commissioners The Kresge Foundation $50,000 – $249,999 Elizabeth and William Rands Department of Economic General Motors, LLC Vivian W. Day and White Construction John Hartig Adcraft Club of Detroit WW Group Mr. and Mrs. William Henry Development Engine Growth $5,000,000 – $9,999,999 AlixPartners John W. Stroh, III Department of Homeland Security/ UAW-GM Center for $5,000 – $9,999 Hines Interests, LLP Community Foundation American Axle & Manufacturing Deb Hoadley Emergency Management for Southeast Michigan AT&T human Resources Larry Alexander Department of Public Services – Visteon Corporation Penny Bailer W.K. and Lorna C. Howenstein Fund Compuware Corporation The Auto Club Group Gilbert and Anne Hudson parks and Recreation Division $10,000 – $49,999 Barthel Contracting Co. $1,000,000 – $4,999,999 The Carls Foundation Mr. and Mrs. Joseph Hudson Department of Health and Alpha Electric Marvin W. Beatty DaimlerChrysler Corporation Charter One Jean Wright and Joseph L. human Services Americana Foundation Dave and Yvette Bing Fred A. and Barbara M. Erb CoreNet Global Michigan Chapter hudson Jr. Fund State of Michigan Bank of America Bentz Whaley Flessner family Foundation Matthew and Karen Cullen Institute of Real Estate The Governor’s Office and the Bartech Group Susan Goethel and C. David Campbell Ford Foundation Lynn and Stanley R. Day Fund Manangement Michigan Chapter 5 state Legislature B & B Concrete Placement Crain Family Foundation The Hudson-Webber Foundation Detroit Metro Convention Elizabeth Stroh Jackson Department of Natural Resources The Mandell L. and Madeleine Tamatha and David Egner The W. K. Kellogg Foundation & Visitors Bureau Jimenez Construction and Environment h. Berman Foundation Kristina Stroh Gimbel John S. and James L. Knight The Dick and Betsy DeVos Evelyn Johnston Michigan Natural Resources The Bing Group Greektown Casino LLC foundation foundation R. Mechell Jones trust Fund Jane and Bruce Burton Rebecca A. Humphries McGregor Fund Domino’s Pizza Mr. and Mrs. Daniel Kolton Department of Transportation (MDOT) Butzel Long Arthur and Chacona Johnson The Elizabeth, Allan and Warren E.C. Korneffel Co. Curt and Maureen Korneffel Economic Development CMS Energy Ann Lang shelden Fund Federal-Mogul Corporation Roger John Lesinski Corporation (MEDC) Cynthia and Edsel Ford Delphi Foundation Susan Leithauser-Yee The Skillman Foundation Anna and Yale Levin Federal Government Ford Motor Company Detroit International Liberty Bell Agency, Inc. Toyota Motor North America, Inc. Denise Lewis, Esq. The Michigan Congressional Delegation Frey Foundation Bridge Company Patricia and Lawrence McLaughlin Robert Liggett U.S. Coast Guard $250,000 – $999,999 Sheila F. and Steven K. Hamp Roger and Henrietta Fridholm Michigan Economic Dana Locniskar National Oceanic & Atmospheric ArvinMeritor Chaim, Fanny, Louis, Benjamin Future Fence Company Development Corporation Mappco LLC administration (NOAA) Blue Cross Blue Shield of Michigan & Anne Florence Kaufman Ruth Roby Glancy Paul Mitchell Dr. Robert Marans U.S. Army Corps of Engineers The John A. & Marlene L. memorial Trust Global Automotive Alliance Mitchell & Diane Mondry Gail Marentette U.S. Department of Housing and Boll Foundation Kelly Services Nancy P. and Paul C. Hillegonds MSX International Mark/Lis Family Fund urban Development (HUD) Comerica Bank Bonnie Ann and Robert C. Larson Honigman Miller Schwartz Joseph and Jennifer Parke Anthony McCauley Federal Highway Administration DTE Energy Foundation and Cohn LLP Keith Pomeroy John E. Marshall III Glascoe McKinney Fifth Third Securities, Inc. Ilitch Holdings, Inc. The Remington Group National City Bank Thomas F. McNulty Due to space limitations, only gifts of $1,000 and Great Lakes Fishery Trust Industrial Fence Republic Services above are listed here. Every gift is important, and the Ann V. and James B. Nicholson Carolyn Williams Meza JPMorgan Chase Foundation & Landscaping, Inc. Karen Slaughter-DuPerry Conservancy gives thanks to all of our supporters. Mariam C. Noland and M Group LLC Lear Corporation ITC Transmission Eric Stroh This listing reflects cumulative contributions made as James A. Kelly Derrick Miller of December 31, 2009. The Conservancy has made Masco Corporation George W. Jackson, Jr. Stephen A. Stroh Northwest Airlines Corporation Modern Mirror & Glass every effort to reflect an accurate and complete list Matilda R. Wilson Fund JJR LLC Wade Trim of our donors. Please contact us at 313.566.8200 David and Andrea Page Company, Inc. Penske Corporation Cynthia J. Pasky and Paul M. Huxley Walter and Harriet Watkins to let us know of any errors or omissions.

2009 ANNUAL REPORT PAGE 18 the transformATION OF DETROIT’S RIVERFRONT Omni/Talon Considered by many to be one of the most beautiful and serene locations along the riverfront, the portion 2009 REVENUE and of the RiverWalk e x pen di t u r e su m m a ry alongside the Omni/ REVENUES 2009 2009 ASSETS Foundation Contributions $1,752,817.00 Cash and Current Assets $24,765,074.00 Talon features a unique Corporate Contributions 889,202.00 Easements 23,749,254.00 In-Kind Contributions 9,425,000.00 Endowment 4,347,020.00 pile-supported boardwalk Individual Contributions 275,062.00 Land 2,057,640.00 Investment Income 28,471.00 Pledges Receivable 761,061.00 extending out over the Grant Income 2,807,531.00 Other Noncurrent Assets 28,534,701.00 Other Income 99,445.00 water, making it an ideal Net Assets Released from Restrictions 742,320.00 TOTAL ASSETS: $84,214,750.00 spot for either a scenic TOTAL REVENUES: $16,019,848.00 The financial statements for Detroit RiverFront run or quiet reflection. Conservancy as of December 31, 2009, have been EXPENDITURES audited by an independent, certified public East Riverfront Project 9,512,897.00 accounting firm. Copies of the complete audited General and Administrative 1,265,876.00 financial statements are available upon request to: Fundraising 927,791.00 Detroit RiverFront Conservancy TOTAL EXPENDITURES: $11,706,564.00 600 Renaissance Center Suite 1720 Detroit, Michigan 48243 EXCESS OF REVENUES OVER EXPENDITURES: $4,313,284.00

2009 ANNUAL REPORT PAGE 20 SEE the

2009 REVENUE antransformd ation e x pen di t u r e su m m a ry

REVENUES 2009 2009 ASSETS Foundation Contributions $1,752,817.00 Cash and Current Assets $24,765,074.00 Corporate Contributions 889,202.00 Easements 23,749,254.00 In-Kind Contributions 9,425,000.00 Endowment 4,347,020.00 Individual Contributions 275,062.00 Land 2,057,640.00 Investment Income 28,471.00 Pledges Receivable 761,061.00 Grant Income 2,807,531.00 Other Noncurrent Assets 28,534,701.00 Other Income 99,445.00 Net Assets Released from Restrictions 742,320.00 TOTAL ASSETS: $84,214,750.00

TOTAL REVENUES: $16,019,848.00 The financial statements for Detroit RiverFront Conservancy as of December 31, 2009, have been EXPENDITURES audited by an independent, certified public East Riverfront Project 9,512,897.00 accounting firm. Copies of the complete audited General and Administrative 1,265,876.00 financial statements are available upon request to: Fundraising 927,791.00 Detroit RiverFront Conservancy TOTAL EXPENDITURES: $11,706,564.00 600 Renaissance Center Suite 1720 Detroit, Michigan 48243 EXCESS OF REVENUES OVER EXPENDITURES: $4,313,284.00

2009 ANNUAL REPORT PAGE 20

c o m m i t t e e DETROIT RIVERFRONT BOARD OF directors chairs conservancy STAFF

Matthew P. Cullen, Chair James C. Epolito* Benny Napoleon Larry Alexander, Chair Faye Alexander Nelson Pat Vintevoghel Rock Ventures LLC Michigan Economic Wayne County Sheriff Community Outreach & President & CEO Executive Assistant to the President David K. Page, Esq., Vice-Chair Development Corporation Mariam C. Noland Communications Committee Juliana M. Brown & CEO & Office Manager Honigman Miller Schwartz and Cohn LLP Gary R. Familian* Community Foundation for Sharon A. Banks, Co-Chair Annual Campaign Director Richard A. Warner Faye Alexander Nelson MotorCities National Southeast Michigan Strategic Planning Committee Dianne Hinton-Troupe Director of Operations President & CEO Heritage Area Cynthia J. Pasky Marvin W. Beatty, Co-Chair Administrative Assistant Sandra van Meek Detroit RiverFront Conservancy Mary Fleming Strategic Staffing Solutions Annual Campaign Committee Kerry L. Hocker Director of Programming & External Affairs Community Volunteer V. Lonnie Peek, Jr. Andrew L. Camden, Co-Chair Governance & Special Projects Assistant Weiping Wang Larry Alexander Cynthia Ford eBusiness Strategies & Companies Public Art Committee Michele T. Marine Senior Accountant Detroit Metro Convention Community Volunteer Rip Rapson Matthew P. Cullen Manager, Volunteer & Programming Services Bianca Williams & Visitors Bureau John H. Hartig The Kresge Foundation Chair – Executive Committee Sandy Partlan Programs & Community Penny Bailer Detroit River International Wildlife Refuge Pamela Rodgers Co-Chair – Project & Operations Committee Constituent Records Coordinator Outreach Coordinator City Year — Detroit Curtis A. Hertel, Sr. Rodgers Chevrolet John H. Hartig, Co-Chair William A. Smith Sharon A. Banks* Detroit — Wayne County Port Authority Maria Elena Rodriguez Programming Committee Senior Director, Finance & Administration Wayne County – Office of the Executive Rebecca Humphries Community Volunteer George W. Jackson, Jr., Co-Chair Marvin W. Beatty Department of Natural Doug Rothwell Project & Operations Committee Greektown Casino Resources & Environment Business Leaders for Michigan Susan Leithauser-Yee, Chair Hon. Dave Bing George W. Jackson, Jr. Nettie H. Seabrooks Finance & Investment Committee City of Detroit Detroit Economic Growth Corporation Detroit Institute of Arts Mitchell A. Mondry John K. Blanchard Evelyn Johnston J. Ronald Slavik Co-Chair – Annual Campaign Committee General Motors Riverfront East Alliance J & J Slavik, Inc. / Fourmidable Co-Chair – Strategic Planning Committee Richard E. Blouse, Jr. Ann Lang John W. Stroh, iii Juanita Moore, Co-Chair Detroit Regional Chamber Downtown Detroit Partnership The Stroh Companies, Inc. Public Art Committee Hon. Edward A. Boike, Jr. Susan Leithauser-Yee Kimberly Trent Mariam C. Noland, Chair Wayne County Commission Charter One Bank Governor’s Office for Southeast Michigan Foundations Committee C. David Campbell D. Gregory Main Jonathan T. Walton David K. Page, Esq., Chair McGregor Fund Michigan Economic Growth Corporation Community Volunteer Advancement Committee Hon. Barbara-Rose Collins* Dr. Robert W. Marans Hon. Jewel C. Ware* Pamela Rodgers, Chair City of Detroit – City Council Huron-Clinton Metropolitan Authority Wayne County Commission Audit Committee Nancy Darga Paul Mitchell Beverly J. Watts Nettie H. Seabrooks, Chair MotorCities National Heritage Area UAW-GM Center for Human Resources Wayne County Parks Division Governance & Nominating Committee Patrick J. Devlin Mitchell A. Mondry Kathleen H. Wendler John W. Stroh III, Chair Michigan Building and M Group LLC Southwest Detroit Business Association Major Gifts Committee Construction Trades Council Matthew T. Moroun *Board Member Resigned or Term Expired Beverly J. Watts, Co-Chair Detroit International Bridge Company Programming Committee

2009 ANNUAL REPORT PAGE 24 And the transformation continues... While there is much to celebrate and many milestones have been reached, there is much work that remains to be completed. The Detroit RiverFront Conservancy continues to raise funds to support costs associated with construction and our ongoing operations, maintenance, security and programming, as we strive to complete our vision for a beautifully transformed and vibrant riverfront — from “bridge to bridge” and beyond.

600 Renaissance Center, Suite 1720 Detroit, Michigan 48243 detroitriverfront.org 600 Renaissance Center, Suite 1720 Detroit, Michigan 48243 detroitriverfront.org