2024-11-08T07:09:13-06:00 2023-12-31 621199757 LBMC PC 325 WEST MAIN STREET STE 1600 LOUISVILLE KY 40202 990 2023-01-01 310992627 DOWNTOWN DEVELOPMENT CORPORATION DOWN 5025846000 500 W JEFFERSON ST SUITE 1210 LOUISVILLE KY 40202 REBECCA FLEISCHAKER EXECUTIVE DIRECTOR 5025846000 2024-09-24 1 0 JAMES STEVISON P00174524 5025851600 2023 2024-10-15 13:58:12Z LOUISVILLE DOWNTOWN PARTNERSHIP (LDP) REBECCA FLEISCHAKER 500 W JEFFERSON ST SUITE 1210 LOUISVILLE KY 40202 1867271 0 X WWW.LOUISVILLEDOWNTOWN.ORG X 1988 KY DEVELOPING DOWNTOWN LOUISVILLE 41 41 9 50 0 0 411967 598500 1223206 1257286 365 11485 0 0 1635538 1867271 73034 55625 0 0 595125 585303 0 0 21252 609904 1321227 1278063 1962155 357475 -94884 2498000 2855319 184093 636296 2313907 2219023 X THE LOUISVILLE DOWNTOWN DEVELOPMENT CORPORATION(DDC) IS A PRIVATE, NON PROFIT 501(C)(3) ORGANIZATION DEDICATED TO THE LONG TERM ECONOMIC HEALTH OF DOWNTOWN LOUISVILLE AND REPRESENTS THE COMMUNITY'S CIVIC AND BUSINESS LEADERSHIP. SINCE 1988, DDC HAS PLAYED A CRUCIAL ROLE IN BRINGING TOGETHER BOTH THE PUBLIC AND PRIVATE SECTORS AS PARTNERS IN DOWNTOWN LOUISVILLE'S REDEVELOPMENT AND LONG TERM PLANNING, WITH DDC SERVING AS THE LEAD ENTITY IN THE DEVELOPMENT AND IMPLEMENTATION OF THE DOWNTOWN MASTER PLAN. 0 0 1670246 55625 1257286 ECONOMIC DEVELOPMENT: DDC IS THE PRIMARY ORGANIZATION RESPONSIBLE FOR PROVIDING THE STRATEGIC VISION FOR DOWNTOWN LOUISVILLE'S GROWTH AND DEVELOPMENT. WHILE NUMEROUS OTHER PRIVATE AND PUBLIC ORGANIZATIONS ARE NECESSARY FOR THE SUCCESSFUL IMPLEMENTATION OF THIS VISION, DDC LEADS THE PROCESS THROUGH CLOSE COLLABORATION WITH THE COMMUNITY AND ITS PARTNERS. THERE ARE THREE PRIMARY PILLARS THAT DEFINE DDC'S STRATEGIC APPROACH FOR DOWNTOWN'S FUTURE SUCCESS: 1) ACTIVATING DOWNTOWN THROUGH REINFORCING AND SUPPORTING ITS DISTRICTS AND ANCHORS, EXPANDING DOWNTOWN'S ATTRACTIONS, AND SHOWCASING LOUISVILLE'S CREATIVITY; 2) REINFORCING DOWNTOWN AS A RESIDENTIAL NEIGHBORHOOD BY INCENTIVIZING THE CONVERSION OF OLDER OFFICE BUILDINGS INTO RESIDENCES, ENCOURAGING RESIDENTIAL INFILL OF VACANT PARCELS, AND EXPANDING AMENITIES THAT ATTRACT NEW RESIDENTS; AND 3) ENHANCING THE PUBLIC REALM BY PRIORITIZING DOWNTOWN'S STREETS FOR PEDESTRIANS, TRANSFORMING BARRIERS INTO SEAMS, ACTIVATING AND CONNECTING UNDERUTILIZED SPACES, AND REIMAGINING DOWNTOWN'S OPEN SPACES.IN 2023, DDC DEVOTED SIGNIFICANT TIME AND RESOURCES SUPPORTING THE ECONOMIC DEVELOPMENT OF DOWNTOWN IN SUPPORT OF OUR BUSINESSES, DEVELOPERS, PROPERTY OWNERS, AND OTHER STAKEHOLDERS, INCLUDING:- DOWNTOWN STRATEGY: WITH THE GENEROUS SUPPORT OF THE GHEENS FOUNDATION AND THE JAMES GRAHAM BROWN FOUNDATION, DDC CONTINUED DEVELOPMENT OF THE NEXT DOWNTOWN STRATEGY WITH OVER 70 STAKEHOLDER MEETINGS AND CONVERSATIONS WITH INDIVIDUALS, BUSINESSES, COMMUNITY LEADERS, AND NATIONAL EXPERTS. THE DOWNTOWN STRATEGY IS THE TEN-YEAR ROADMAP FOR DOWNTOWN'S FOCUS OF FUTURE DEVELOPMENT AND REVITALIZATION WHICH WILL BE RELEASED IN EARLY 2024 AND SUBSEQUENTLY ADOPTED BY LOUISVILLE METRO COUNCIL AS DOWNTOWN LOUISVILLE'S NEIGHBORHOOD PLAN.- ANNUAL DOWNTOWN ECONOMIC IMPACT REPORT: IN EARLY 2023, DDC RELEASED ITS SECOND ANNUAL DOWNTOWN ECONOMIC IMPACT REPORT WHICH EMPIRICALLY SHOWS THE CRITICAL IMPORTANCE OF A STRONG DOWNTOWN TO THE HEALTH AND VIBRANCY OF THE ENTIRE COUNTY AND LARGER METROPOLITAN AREA. THIS REPORT PROVIDES BASELINE DATA FOR DISCUSSIONS WITH GOVERNMENTAL AND ECONOMIC LEADERS ABOUT THE IMPORTANCE OF SUSTAINED PUBLIC AND PRIVATE INVESTMENT IN THE GREATER DOWNTOWN AREA.- LOUISVILLE MEDICAL & EDUCATION DISTRICT (LOUMED): DDC EXPANDED ITS COLLABORATION WITH LOUMED, A PARTNERSHIP BETWEEN NORTON HEALTHCARE, THE UNIVERSITY OF LOUISVILLE, UNIVERSITY OF LOUISVILLE HEALTH, AND JEFFERSON COMMUNITY & TECHNICAL COLLEGE FOCUSES ON IMPROVING THE SAFETY, ENVIRONMENTAL LANDSCAPE, AND EXPERIENCE FOR THE PARTNERS' PATIENTS, WORKERS, AND VISITORS THROUGHOUT THE DISTRICT'S 20 BLOCKS IN THE DOWNTOWN CORE. - BUSINESS SUPPORT: DDC CONTINUED ITS SUPPORT OF ITS DOWNTOWN RETAILERS AND RESTAURANTS, INCLUDING: 1) THE EXPANSION OF SMALL BUSINESS RESOURCES, INCLUDING CONVENING PERIODIC SMALL BUSINESS ROUNDTABLES, TO SUPPORT DOWNTOWN'S NEW AND EXISTING BUSINESSES, 2) HOSTING A SMALL BUSINESS SATURDAY VENDOR FAIR, 3) PROMOTING THE NEW DOWNTOWN SMALL BUSINESS LOAN PRODUCT THROUGH THE DOWNTOWN COMMERCIAL LOAN FUND, WHICH ORIGINATED ITS FIRST LOAN THAT PROVIDES FLEXIBLE FINANCING TO ASSIST NEW BUSINESSES OPENING IN DOWNTOWN, AND 4) CONTINUING ROUNDTABLE GATHERINGS OF BROKERS, PROPERTY MANAGERS, AND MAJOR DOWNTOWN EMPLOYERS TO DEVELOP SOLUTIONS TO THE CHALLENGES FACING DOWNTOWN.- PUBLIC SAFETY: DDC WORKS CLOSELY WITH THE LOUISVILLE METRO POLICE DEPARTMENT (LMPD) IN ORDER TO ENHANCE THE SAFETY OF DOWNTOWN AND TO ADDRESS PUBLIC PERCEPTIONS ABOUT THE SAME, INCLUDING PARTICIPATION IN THE LMPD FIRST DIVISION ADVISORY COUNCIL AND FREQUENT COORDINATION WITH LMPD'S DEDICATED DOWNTOWN AREA PATROL. AS MANAGER OF DOWNTOWN'S BUSINESS IMPROVEMENT DISTRICT (BID), DDC WORKED WITH LOUISVILLE TOURISM, HUMANA, AND LOUISVILLE METRO GOVERNMENT TO PROVIDE NEW FUNDING FOR A MAJOR EXPANSION OF THE BID'S HOSPITALITY & SAFETY AMBASSADOR PROGRAM, WHICH PROVIDES A FRIENDLY SAFETY PRESENCE ON THE STREETS OF DOWNTOWN. WITH THE SUPPORT OF THESE PARTNERS, DDC WAS ABLE TO DOUBLE THE NUMBER OF AMBASSADORS PROVIDED BY THE PROGRAM (FROM 18 TO 36) AND TO EXPAND THEIR HOURS OF OPERATIONS TO MIDNIGHT EVERY DAY OF THE WEEK.- DEVELOPMENT FACILITATION: DDC IS THE PRIMARY SOURCE OF MARKET AND DEMOGRAPHIC RESEARCH DATA WHICH HELPS DEVELOPERS MAKE SOUND INVESTMENT DECISIONS IN DOWNTOWN AND ITS EDGE NEIGHBORHOODS. IN 2023, PUBLIC AND PRIVATE INVESTMENT CONTINUED TO GROW WITH 24 DEVELOPMENT PROJECTS UNDERWAY, TOTALING $599 MILLION, AND 37 PROJECTS ANNOUNCED, TOTALING $850 MILLION. TO FURTHER FACILITATE DOWNTOWN DEVELOPMENT, DDC ADMINISTERS TWO LOAN FUNDS WHICH PROVIDE CRITICAL GAP FINANCING FOR COMMERCIAL AND HOUSING PROJECTS IN DOWNTOWN AND ITS EDGE NEIGHBORHOODS.- PROFESSIONAL COLLABORATION: DDC WORKS CLOSELY WITH A VARIETY OF PARTNERS TO SHARE BEST PRACTICES AND SEEK UNIQUE SOLUTIONS TO THE COMPLEX ISSUES ENCOUNTERED BY DOWNTOWNS ACROSS THE NATION. THIS INCLUDES FOSTERING DEEP RELATIONSHIPS WITH ORGANIZATIONS SUCH AS LOUISVILLE METRO GOVERNMENT'S ECONOMIC DEVELOPMENT AND COMMUNITY SERVICES DEPARTMENTS, GREATER LOUISVILLE INC. (GLI) THE METRO CHAMBER OF COMMERCE, LOUISVILLE TOURISM, WATERFRONT DEVELOPMENT CORPORATION, LEADERSHIP LOUISVILLE, THE NULU BUSINESS ASSOCIATION (NBA), THE LOUISVILLE INDEPENDENT BUSINESS ALLIANCE (LIBA), THE INTERNATIONAL DOWNTOWN ASSOCIATION (IDA), THE HEALTH ENTERPRISE NETWORK (HEN), URBAN LAND INSTITUTE (ULI), THE KENTUCKY CHAMBER, AND MANY OTHERS.- 2023 GRANTS/ALLOCATIONS TO OTHERS: $3,125 TO GLI IN SUPPORT OF THE COMMUNITY MARKETING PROJECT. DDC ENGAGES IN A VARIETY OF PROJECTS IN COLLABORATION WITH LOCAL AND STATE GOVERNMENT AS WELL AS PRIVATE SECTOR PARTNERS MEANT TO INCREASE THE VITALITY AND ATTRACTIVENESS OF DOWNTOWN. IN 2023, THESE PROJECTS AND INITIATIVES INCLUDED:- CITYSPOTS: CONCEPTUALIZED BY THE 2022 BINGHAM FELLOWS COHORT, CITYSPOTS ARE THE TRANSFORMATION OF UNDER-UTILIZED OR FORGOTTEN SPACES INTO WELCOMING PLACES OF URBAN SURPRISE WHERE PEOPLE MEET, EAT, PLAY, OR RELAX, HELPING TO SPREAD VIBRANCY ACROSS DOWNTOWN. IN 2023, DDC CREATED TWO NEW CITYSPOT LOCATIONS WITH THE SUPPORT OF MANY SPONSORS. THE INAUGURAL CITYSPOT BY METRO HALL TRANSFORMED AN OVERSIZED AND UNDER-PROGRAMMED SIDEWALK INTO A NEW MEETING PLACE FEATURING PATIO FURNITURE, FLOWERPOTS, AND FRESHLY PAINTED PAVEMENT AND CROSSWALKS. THE SECOND CITYSPOT WAS THE BARK PARK, WHICH TOOK A FORGOTTEN TROLLEY STATION TURNAROUND ON SOUTH FOURTH STREET AND TURNED IT INTO A DOG-FRIENDLY POCKET PARK FOR EVERYONE TO ENJOY. TWO ADDITIONAL CITYSPOTS ARE PLANNED FOR 2024.- MANAGEMENT OF THE BUSINESS IMPROVEMENT DISTRICT (BID): THROUGH AN AGREEMENT WITH THE LOUISVILLE DOWNTOWN MANAGEMENT DISTRICT (LDMD), DDC ADMINISTERS AND OPERATES THE DOWNTOWN LOUISVILLE BID THAT PROVIDES SUPPLEMENTAL SERVICES TO THOSE PROVIDED BY LOUISVILLE METRO GOVERNMENT WITHIN THE BOUNDARIES OF THE DISTRICT. THESE SERVICES INCLUDE DAILY CLEANING OF THE DOWNTOWN RIGHTS OF WAY, SAFETY AND HOSPITALITY PATROLS, GRAFFITI ABATEMENT, BEAUTIFICATION PROGRAMS, AND PUBLIC ART PROJECTS. IN 2023, THE AMBASSADOR TEAM CLEARED APPROX. 110,400 POUNDS OF LITTER AND DEBRIS FROM THE SIDEWALKS AND ALLEYS, CLEANED UP OVER 375 BIOHAZARDOUS MATERIALS, ABATED 1,251 GRAFFITI TAGS AND STICKERS, AND HAD APPROX. 26,000 RECORDED INTERACTIONS WITH GUESTS AND VISITORS AS A RESULT OF ENHANCED HOSPITALITY ENGAGEMENT. IN 2023, DDC DIRECTLY FUNDED AN AMBASSADOR POSITION TO INCREASE THE SIZE OF THE PROGRAM.- CLEAN COLLABORATIVE: DDC CONTINUED ITS PARTNERSHIP WITH LOUISVILLE METRO'S DEPARTMENT OF PUBLIC WORKS FOR THE "CLEAN COLLABORATIVE" INITIATIVE TO IMPROVE THE COMMUNITY'S CLEANLINESS THROUGHOUT THE CITY. TO HELP WITH AREAS OF DOWNTOWN OUTSIDE OF THE BID, PUBLIC WORKS EXTENDED ITS CONTRACT WITH DDC FOR AN ADDITIONAL YEAR TO PROVIDE AMBASSADOR CLEANING SERVICES IN OFTEN NEGLECTED PARTS OF THE GREATER DOWNTOWN AREA. AS PART OF THIS PROGRAM, DDC'S CLEAN COLLABORATIVE TEAM OF AMBASSADORS CLEARED APPROX. 12,430 POUNDS OF LITTER AND DEBRIS IN THESE AREAS.- BEAUTIFICATION AND ART INITIATIVES: DDC CONSTANTLY FOCUSES ON EXPANDING PLACEMAKING PROGRAMS TO IMPROVE THE APPEARANCE AND APPEAL OF DOWNTOWN'S STREETS. IN 2023, THESE PROJECTS INCLUDED A CROSSWALK ART INITIATIVE THAT REPLACED TRADITIONAL "ZEBRA" STRIPE CROSSWALKS AT THREE INTERSECTIONS WITH DESIGNS CREATED BY LOCAL ARTISTS, THE ACQUISITION OF THREE DONATED PIANOS FOR A FUTURE ART INSTALLATION, EXPANDING DOWNTOWN'S FLOWERPOT PROGRAM, AND ADDING NEW ARTWORK ON FORGOTTEN DOORS AS PART OF THE EXISTING ALLEY GALLERY PROJECT. DDC ALSO LAUNCHED A PILOT PROJECT SHOWCASING A NEW STREET GALLERY PROGRAM THAT FEATURES THE ARTWORK OF LOCAL ARTISTS ON SIGNAL CONTROL BOXES AND IMPROVING THE LANDSCAPING AND APPEARANCE OF DOWNTOWN IN GENERAL. - PEDESTRIAN & VEHICLE WAYFINDING: CONFRONTED WITH A VEHICLE WAYFINDING SYSTEM THAT WAS MORE THAN TWO DECADES OLD, DDC WORKED CLOSELY WITH LOUISVILLE TOURISM AND LOUISVILLE METRO GOVERNMENT TO FINALIZE THE DESIGN AND INSTALLATION OF NEW SIGNAGE FOR A DOWNTOWN WAYFINDING SYSTEM TO HELP THOSE UNFAMILIAR WITH DOWNTOWN NAVIGATE ITS STREETS. A NEW "WELCOME TO LOUISVILLE" SIGN WAS ALSO INSTALLED AT A KEY EXPRESSWAY GATEWAY TO DOWNTOWN, INCLUDING NEW LANDSCAPING, TO REPLACE A BARREN LOCATION.- LIGHTING PROGRAMS: A SIGNIFICANT WAY TO INCREASE THE APPEAL AND VIBRANCY OF DOWNTOWN IS THROUGH ENGAGING LIGHTING. DDC CONTINUED WORK ON A MULTI-YEAR PROJECT TO INSTALL PROGRAMMABLE, MULTI-COLORED LED LIGHTING UNDERNEATH I-65 WHERE IT CROSSES THE MAJOR STREETS THAT ARE THE GATEWAYS BETWEEN THE CBD AND THE NULU NEIGHBORHOOD. THESE LIGHTS WILL CREATE INTERESTING AND FUN WAYS FOR THE COMMUNITY TO INTERACT WITH THESE SPACES AS WELL AS PROVIDE CONNECTIVITY AND FEELING OF SAFETY. WITH DESIGN AND ENGINEERING WORK COMPLETED, FUNDING WAS SECURED FOR INSTALLATION OF THE LIGHTS IN THE LATTER HALF OF 2024. DDC ALSO BEGAN PLANNING AND DESIGN WORK FOR A SERIES OF STRING LIGHT INSTALLATIONS IN ITS HISTORIC SHOPPING DISTRICT ALONG SOUTH FOURTH STREET.- WALKING TOUR PODCASTS: FUNDED BY GRANTS FROM REPUBLIC BANK & TRUST AND ITS FOUNDATION, DDC EXPANDED ITS AUDIO WALKING TOUR PODCAST SERIES FEATURING SIGNIFICANT LOCATIONS IN DOWNTOWN AND NARRATED BY PROMINENT LOUISVILLIANS. THREE PODCASTS WERE COMPLETED IN 2023 WITH THE SERIES TO BE ANNOUNCED IN 2024.- DOWNTOWN BANNER PROGRAM: IN PARTNERSHIP WITH LDMD, DDC ADDED AN ADDITIONAL 250 BANNERS TO ITS STREET POLE BANNER PROGRAM WITHIN CDB, BRINGING THE TOTAL NUMBER OF BANNERS TO APPROX. 750. THESE BANNERS HELP TO CREATE A SENSE OF PLACE AND NEIGHBORHOOD AND REINFORCE THE VARIETY OF REASONS THAT MAKE DOWNTOWN UNIQUE.- HOMELESSNESS AND PANHANDLING ENGAGEMENT: ONE OF THE TRAGIC, LINGERING CONSEQUENCES OF THE PANDEMIC WAS A SIGNIFICANT INCREASE IN THE NUMBER OF PEOPLE EXPERIENCING HOMELESSNESS THROUGHOUT LOUISVILLE. DDC REMAINED ENGAGED WITH OUR PUBLIC, NON-PROFIT, AND PRIVATE PARTNERS TO DEVELOP NEW STRATEGIES TO ADDRESS THE COMPLEX ISSUES SURROUNDING HOMELESSNESS AND PANHANDLING IN THE URBAN CORE. IN 2023, DDC RECEIVED FUNDING TO DEPLOY TWO NEW OUTREACH AMBASSADORS WHO ARE DEDICATED TO FINDING OUTREACH SUPPORT FOR THOSE MOST IN NEED.- 2023 GRANTS/ALLOCATIONS TO OTHERS: $59,625 IN SUPPORT OF AN ADDITIONAL AMBASSADOR FOR LDMD. ONE OF DDC'S CRITICAL FUNCTIONS IS TELLING DOWNTOWN'S STORY AND SHARING THE ECONOMIC, CULTURAL, AND SOCIETAL IMPORTANCE OF DOWNTOWN FOR THE ENTIRE CITY AND ALSO WHAT PEOPLE MIGHT HAVE MISSED IF THEY HAVEN'T COME DOWNTOWN IN A WHILE. WORKING WITH OUR PARTNERS AND GENEROUS DONORS, DDC UNDERTOOK THE FOLLOWING INITIATIVES IN 2023:- DDC-HOSTED EVENTS: DDC HOSTED NUMEROUS EVENTS IN 2023 DESIGNED TO BRING MORE PEOPLE ONTO THE STREETS AND BACK DOWNTOWN, INCLUDING THE LAUNCH OF THREE NEW EVENTS: THE DOWNTOWN DRIVE-IN, STEINS ON MAIN, AND THE DOWNTOWN SILENT DISCO. THE DOWNTOWN DRIVE-IN INTRODUCED OUR NEW "CINEBUS" PROJECTION VEHICLE (A REFURBISHED AMBULANCE) WITH A SERIES OF FREE, OUTDOOR MOVIES SHOWN AT WATERFRONT PARK THROUGHOUT THE SUMMER. BRINGING OKTOBERFEST BACK DOWNTOWN, THE FIRST STEINS ON MAIN WAS A CELEBRATION OF LOCAL BREWERIES AND LOUISVILLE'S GERMAN HERITAGE ON WEST MAIN STREET. THE SILENT DISCO LET PEOPLE EXPERIENCE DOWNTOWN IN A NEW AND DIFFERENT WAY BY LISTENING TO MUSIC WHILE WEARING WIRELESS HEADPHONES ON THE BIG FOUR LAWN BY THE RIVER. DDC ALSO CONTINUED ITS WILDLY POPULAR FOOD TRUCK WEDNESDAY EVENT, SHUTTING DOWN A BLOCK IN THE HEART OF DOWNTOWN AND PROVIDING A FUN ATMOSPHERE WITH LIVE MUSIC AND ADDITIONAL LUNCHTIME DINING OPTIONS FOR OUR WORKERS, GUESTS, AND RESIDENTS. CONTINUING ITS PARTNERSHIP WITH LOUISVILLE METRO GOVERNMENT, DDC BROUGHT CYCLOUVIA BACK TO MAIN STREET FOR A SECOND YEAR, CLOSING TWO MILES OF MAIN STREET TO MOTORIZED VEHICLES AND LET PEOPLE BIKE, WALK, OR SKATE ON THE ROADWAY WHILE ENJOYING VENDORS AND ACTIVITIES ALONG THE WAY. DDC ALSO CONTINUED ITS MONTHLY SOUTH 4TH NIGHT MARKET WHICH FEATURED LOCAL VENDORS, FOOD, AND LIVE MUSIC, CULMINATING WITH A SPECIAL HOLIDAY MARKET AT THE END OF THE YEAR.- DDC SPONSORED EVENTS: DDC PROVIDED FINANCIAL AND TECHNICAL SUPPORT TO BRING UNIQUE AND DIVERSE EVENTS IN AND AROUND DOWNTOWN THROUGHOUT THE YEAR. IN 2023, THESE EVENTS INCLUDED THE NULU BOCK FEST, THE INTERNATIONAL FOOD TRUCK FESTIVAL, THE SUMMER BEER FEST, DERBY DIVERSITY WEEK, CINCO DE MAYO FIESTA, THE KENTUCKY CRAFT BASH, THE JUNETEENTH FESTIVAL AT FOURTH STREET LIVE!, THE ASIAN NIGHT MARKET, NOURISH, THE RAARE WOMEN COLLECTIVE, WORLDFEST, PLAY ARTS WITH REACH, LEGACY WEEK, THE GREAT CHILI COOK OFF, THE LATIN MUSIC AWARDS, LIGHTS ON MAIN, SANTAS OF COLOR COALITION, NULUFEST, THE HOT BROWN SHOWDOWN, HISPANIC HERITAGE MONTH, THE 502 FILM WRAP PARTY, YOU DECIDE KENTUCKY, AND LIGHT UP LOUISVILLE.- THE BAIRD URBAN SPORTS PARK: SPONSORED BY BAIRD, DDC PARTNERED WITH LOUISVILLE PARKS & RECREATION AND THE YMCA TO TURN A VACANT REDEVELOPMENT SITE ON HISTORIC WEST MAIN STREET INTO A NEW SPORTS PARK VENUE FEATURING PICKLEBALL COURTS AND WIFFLE BALL FIELD. DDC HOSTED SPRING AND FALL SEASONS OF PICKLEBALL LEAGUE PLAY AT THE PARK, AND ALSO EXPANDED OPEN PLAY HOURS TO ALLOW ANYONE TO COME ENJOY THE PARK. THE PARK WAS ALSO AVAILABLE FOR USE AS A UNIQUE EVENT SITE IN THE HEART OF DOWNTOWN.- THE BOURBON DISTRICT: DDC CONTINUED WORKING WITH LOUISVILLE TOURISM, THE KENTUCKY DISTILLERS' ASSOCIATION, AND LOCAL BOURBON ATTRACTIONS TO ALIGN THE BOURBON DISTRICT WITH THE BROADER BOURBON RENAISSANCE OCCURRING IN LOUISVILLE AND KENTUCKY AS A WHOLE. DDC ALSO PROVIDED ADVICE AND ASSISTANCE TO SEVERAL DISTILLERIES LOOKING TO TAKE ADVANTAGE OF NEW STATE LAW ALLOWING DISTILLERIES TO OPEN SATELLITE TASTING ROOMS, WHICH SEVERAL PLANNED IN THE COMING YEARS.- DOWNTOWN MARKETING & COMMUNICATIONS: DDC ENHANCED AND EXPANDED SOCIAL MEDIA ENGAGEMENT, WEBSITE CONTENT, PRESS RELEASES, AND PARTNERSHIPS WITH STAKEHOLDERS THAT SUPPORT THE VIBRANCY AND GROWTH OF DOWNTOWN. THIS INCLUDED SHARING THE POSITIVE MOMENTUM ABOUT DOWNTOWN AND DELIVERING IMPORTANT MESSAGING AND UPDATES ON DEVELOPMENT ACTIVITY, DOWNTOWN EVENTS, PUBLIC SPACE ACTIVATIONS, NEW PROJECTS AND BUSINESSES, AND CONSTRUCTION IMPACTS. IN 2023, DDC WORKED WITH LOUISVILLE PUBLIC MEDIA TO PROMOTE DOWNTOWN EVENTS AND NEWS. DDC ALSO CREATED VARIOUS SOCIAL MEDIA CAMPAIGNS THROUGH FACEBOOK META AND LINKEDIN PAID ADVERTISING TO REACH LARGER AUDIENCES WHICH FEATURED THE PROMOTION OF DDC-HOSTED EVENTS, THE HOLIDAY DECORATING CONTEST FOR DOWNTOWN BUSINESSES AND ATTRACTIONS, AND THE FRIENDS OF DOWNTOWN FUNDRAISING CAMPAIGN.- FRIENDS OF DOWNTOWN: DDC EXPANDED ITS FRIENDS OF DOWNTOWN FUNDRAISING CAMPAIGN AS A WAY TO CONNECT WITH BOTH BUSINESSES AND INDIVIDUALS WHO SUPPORT DOWNTOWN. FRIENDS CAN HELP DOWNTOWN THROUGH DONATIONS TO DDC, THE GIFT OF THEIR TIME DURING VOLUNTEER EVENTS, OR BY AMPLIFYING WHAT THEY LOVE ABOUT DOWNTOWN THROUGH SOCIAL MEDIA AND OTHER CHANNELS.- 2023 GRANTS/ALLOCATIONS TO OTHERS: $53,250 IN SPONSORSHIPS AND IN-KIND DONATIONS FOR 26 UNIQUE AND DIVERSE EVENTS THROUGHOUT DOWNTOWN LOUISVILLE. 1670246 1 1 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 34 0 1 9 1 0 0 0 0 0 0 0 0 0 0 0 0 X 41 41 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 KY X FRANK KALMBACH DIRECTOR OF FINANCE & OPERATIONS 5025846000 500 W JEFFERSON ST STE 1210 LOUISVILLE KY 40202 REBECCA FLEISCHAKER COUCH EXECUTIVE DIRECTOR 40.00 X 135305 0 0 JAMES ALLEN DIRECTOR 0.10 X 0 0 0 JECOREY ARTHUR EX-OFFICIO 0.10 X 0 0 0 KIM BAKER EX-OFFICIO 0.10 X 0 0 0 CLEO BATTLE EX-OFFICIO 0.10 X 0 0 0 DEBORAH A BILITSKI EX-OFFICIO 0.10 X 0 0 0 KRISTEN BYRD DIRECTOR 0.10 X 0 0 0 NIKKI CARVER DIRECTOR 0.10 X 0 0 0 CAROLLE JONES CLAY DIRECTOR 0.10 X 0 0 0 SARAH DAVASHER-WISDOM EX-OFFICIO 0.10 X 0 0 0 DOUGLAS EDWARDS DIRECTOR 0.10 X 0 0 0 DEE FORD DIRECTOR 0.10 X 0 0 0 LESLIE GEOGHEGAN EX-OFFICIO 0.10 X 0 0 0 C EDWARD GLASSCOCK DIRECTOR 0.10 X 0 0 0 CRAIG GREENBERG EX-OFFICIO 0.10 X 0 0 0 ANDRE GUESS DIRECTOR 0.10 X 0 0 0 TY J HANDYPHD DIRECTOR 0.10 X 0 0 0 DAN HARTLAGE DIRECTOR 0.10 X 0 0 0 JILL HORN DIRECTOR, JOINED - 03.16.2023 0.10 X 0 0 0 RYAN JORDAN DIRECTOR 0.10 X 0 0 0 CYNTHIA S KNAPEK DIRECTOR 0.10 X 0 0 0 ANDREW MARCHETTI DIRECTOR 0.10 X 0 0 0 JEFFREY A MCKENZIE DIRECTOR 0.10 X 0 0 0 STAN MOORE EX-OFFICIO 0.10 X 0 0 0 JEFF O'BRIEN EX-OFFICIO 0.10 X 0 0 0 HENRY M POTTER AIA DIRECTOR 0.10 X 0 0 0 MARY PUTMAN DIRECTOR 0.10 X 0 0 0 JORDAN REBER DIRECTOR 0.10 X 0 0 0 MATTHEW A RICKETTS DIRECTOR 0.10 X 0 0 0 LAURIE ANNE ROBERTS EX-OFFICIO 0.10 X 0 0 0 MARTY ROBERTS DIRECTOR 0.10 X 0 0 0 TONYA ROBINSON DIRECTOR 0.10 X 0 0 0 TANELLE SAWYER EX-OFFICIO, JOINED - 07.01.2023 0.10 X 0 0 0 KEITH M SHERMAN DIRECTOR 0.10 X 0 0 0 MICHAEL B VINCENTI DIRECTOR 0.10 X 0 0 0 MARY CHRIS WHELAN DIRECTOR 0.10 X 0 0 0 RAELYN WOLFORD DIRECTOR 0.10 X 0 0 0 JAMES JA HILLEBRAND CHAIRMAN 0.10 X X 0 0 0 LANCE GILBERT VICE CHAIR/CHAIR ELECT 0.10 X X 0 0 0 RIGGS LEWIS VICE CHAIR 0.10 X X 0 0 0 CHRISTEN BOONE SECRETARY 0.10 X X 0 0 0 HAROLD WORKMAN TREASURER 0.10 X X 0 0 0 135305 0 0 1 0 0 0 CITYVISIONS ASSOCIATES 815 W MARKET ST STE 110 LOUISVILLE KY 40202 PLANNING CONSULTANT 200000 1 598500 5500 598500 LOUISVILLE SLUGGER LEA 531190 650000 650000 SERVICES FEE 531390 556590 556590 LEASE REVENUE 531390 33810 33810 FEES FOR ADMIN SERVICE 531390 16886 16886 1257286 11485 11485 1867271 1257286 0 11485 X 55625 55625 463165 347374 106528 9263 22286 15959 5901 426 66421 47565 17588 1268 33431 25073 7689 669 1322 1322 21215 21215 585894 533641 48689 3564 165810 165510 300 22622 10951 8195 3476 26210 21979 4231 97199 57580 38083 1536 10059 10056 3 9379 7352 2027 28581 21630 6395 556 EVENT EXPENSE 347579 347579 MISCELLANEOUS 5357 2372 2791 194 1962155 1670246 270657 21252 56710 63927 1040139 1341501 28000 15000 257942 56024 100000 100000 30859 44952 116435 74863 23405 41572 904335 904335 56610 288008 2498000 2855319 129637 331768 54456 304528 184093 636296 X 2177573 2045420 136334 173603 2313907 2219023 2498000 2855319 -94884 0 X 0 1 X 1 0 X 103100 42187 1019643 411967 593000 2169897 1210729 534664 1200878 1223206 1109240 5278717 1313829 576851 2220521 1635173 1702240 7448614 6100 2000 1750 1000 6785 17635 125815 125815 6100 2000 1750 1000 132600 143450 7305164 39960 8362 2024 1216 11485 63047 39960 8362 2024 1216 11485 63047 1353789 585213 2222545 1636389 1713725 7511661 0.97250 0.97460 0.00840 0.01860 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9432 5334 4098 11563 11563 0 95440 57966 37474 41572 DOWNTOWN COMMERCIAL LOAN FUND, LLC 504335 C DHA LOAN FUND 400000 C 904335 RIGHT OF USE ASSET 288008 288008 LEASE LIABILITY 304528 304528 X 1889974 22703 22703 1867271 0 1867271 1984858 22703 22703 1962155 0 1962155 PART X, LINE 2: DDC IS ORGANIZED AS NOT-FOR-PROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC"). THE ORGANIZATION HAD NO UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022. LDSS IS A SINGLE MEMBER LIMITED LIABILITY COMPANY AND IS THEREFORE A DISREGARDED ENTITY FOR INCOME TAX PURPOSES AND ITS ACTIVITY IS INCLUDED WITH DDC FOR TAX REPORTING. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY IF IT IS MORE LIKELY THAN NOT THAT AN UNCERTAIN TAX POSITION WOULD NOT BE SUSTAINED UPON EXAMINATION BY VARIOUS FEDERAL AND STATE TAXING AUTHORITIES. MANAGEMENT ANALYZED THE TAX POSITIONS TAKEN AND CONCLUDED THAT AS OF DECEMBER 31, 2023 AND 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIOD IN PROGRESS. X X X 0 0 0 0 0 0 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B 1. INITIAL DRAFT RETURN PREPARED BY CONTRACTED CPA FIRM 2. INTERNAL REVIEW BY EXECUTIVE DIRECTOR 3. INTERNAL REVIEW AND APPROVAL BY FINANCE AND AUDIT COMMITTEE. EXECUTIVE DIRECTOR REVIEWS DRAFT 990 RETURN WITH THE FINANCE AND AUDIT COMMITTEE, ANSWERS ALL QUESTIONS AND REQUESTS FORMAL APPROVAL FROM THE COMMITTEE 4. REVIEW BY EXECUTIVE COMMITTEE. UPON APPROVAL OF THE FINANCE AND AUDIT COMMITTEE, THE EXECUTIVE DIRECTOR REVIEWS DRAFT 990 RETURN WITH THE EXECUTIVE COMMITTEE ANSWERS ALL QUESTIONS AND REQUESTS FORMAL APPROVAL FROM THE COMMITTEE 5. THE EXECUTIVE DIRECTOR OR DESIGNEEE SHALL WORK WITH THE CPA FIRM TO INCORPORATE ANY VALID CHANGES FROM THE FINANCE AND AUDIT COMMITTEE AS WELL AS THE EXECUTIVE COMMITTEE 6. RETURN IS SIGNED BY EXECUTIVE DIRECTOR 7. THE ENTIRE GOVERNING BODY IS PROVIDED A COPY OF THE FULL FORM 990 PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE AND 8. RETURN IS ELECTRONICALLY SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C NEW BOARD MEMBERS RECEIVE THE CONFLICT OF INTEREST POLICY DURING ORIENTATION AND ALL BOARD MEMBERS RECEIVE A COPY ANNUALLY AT THE DECEMBER BOARD MEETING. THE SIGNED CONFLICT OF INTEREST STATEMENTS ARE REVIEWED BY THE EXECUTIVE COMMITTEE AND KEPT ON FILE. IN THE EVENT OF A CONFLICT BOARD MEMBER IS ASKED TO EXCUSE THEMSELVES FROM ANY DISCUSSION OR VOTE ON THE ISSUE. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR'S SALARY WAS DETERMINED BY A USE OF BENCHMARKS FOR THE AREA AND COMPETIVE SALARY DATA FROM THE SEARCH FIRM USED TO HIRE HER. THE SALARY WAS APPROVED BY THE EXECUTIVE COMMITTEE AND THE FULL BOARD. THE ORGANIZATION DOES NOT COMPENSATE OTHER OFFICERS OR KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G SUPPORT SERVICES: PROGRAM SERVICE EXPENSES 116,665. MANAGEMENT AND GENERAL EXPENSES 35,777. FUNDRAISING EXPENSES 3,111. TOTAL EXPENSES 155,553. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 78,712. MANAGEMENT AND GENERAL EXPENSES 12,270. FUNDRAISING EXPENSES 453. TOTAL EXPENSES 91,435. CONSULTING FEES: PROGRAM SERVICE EXPENSES 238,498. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 238,498. SERVICE CONTRACTS: PROGRAM SERVICE EXPENSES 99,766. MANAGEMENT AND GENERAL EXPENSES 642. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 100,408. LOUISVILLE DOWNTOWN SUPPORT SERVICES LLC 500 W JEFFERSON SUITE 1210 LOUISVILLE KY 40202 812249331 SUPPORT SERVICES KY 142243 26500 DOWNTOWN DEVELOPMENT CORPORATION DOWTOWN COMMERCIAL LOAN FUND LLC 500 W JEFFERSON ST STE 1210 LOUISVILLE KY 40202 454917253 COMMERCIAL LENDING KY RELATED 5233 559896 0 0 0.14450 DOWTOWN HOUSING ASSISTANCE FUND DHA LLC 500 W JEFFERSON ST STE 1210 LOUISVILLE KY 40202 611386502 COMMERCIAL LENDING KY RELATED 12358 601369 0 0 0.15380 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0