Downtown Fort Worth, Inc. Annual Report 2015

Page 1

annual report 2015

777 Taylor Street, Suite 100 Fort Worth, TX 76102 817.870.1692 www.dfwi.org

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2016 Trailblazer Award winner– Tarrant County Courthouse clocktower, west lawn and west façade restoration


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FINANCIALS 2015 Downtown Fort Worth, Inc. - 501(c)(6)

Downtown Fort Worth Initiatives, Inc. - 501(c)(3)

Revenues:

Revenues:

DFWI Administration Platinum Sponsor

$

TIF Administration TIF Board

664,118

Festivals & Events

151,829

Downtown Parks/Public Art

672,337

Sante Fe Freight House

443,692

Housing

134,640

Net Investments

(34,254)

11,788,157

PID #1

2,130,191

PID #14

16,210

Total

Wings of the City

DFWI Administration TIF Administration

Fort Worth B-Cycle

TIF Board Obligations

PIONEER SPIRIT AWARD

PID#1

Acre Distillery

PID#14

Sundance Square Christmas & New Year's Eve Celebration

$

3,574,790

$

2,351,898

Expenses:

PRESIDENT'S AWARD

PLACEMAKING AWARD

$

628,773

Expenses:

151,830

Festivals & Events

11,788,156

Downtown Parks*

262,396

Sante Fe Freight House

443,692

2,130,191 16,210

Total

Housing

$14,715,160 $

Net Income

35,345

Net Income

64,477 $

3,122,463

$

452,327

PROMOTION & MARKETING AWARD Sundance Square Valet Program PRESERVATION, ADAPTIVE REUSE & SUSTAINABLE DEVELOPMENT

REVENUES

Tarrant County Courthouse & Tom Vandegrfriff Civil Courts Building UNSUNG HERO AWARD Brian Luenser URBAN DESIGN AWARD Lincoln Property Company

Created to showcase the most successful and innovative efforts in center city development, the Downtown Fort Worth Tailblazer Awards celebrate the vision and commitment of those that make Downtown spectacular.

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2,358,375

$14,750,505 Total

CHAIRMAN'S AWARD

$

DFWI Administration

4.5%

Festivals & Events

66.0%

TIF Administration

1.0%

Downtown Parks

18.8% 12.4%

TIF Board Obligations

79.9%

Santa Fe Freight House

PID #1

14.5%

Housing

PID #4

.1%

3.8%


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CHAIRMAN’S LETTER

Downtown Fort Worth is changing rapidly. In 2015, Downtown Fort Worth, Inc., and its members and partners, took giant strides in advancing the cause of center city renewal. More than 1,250 apartment units were announced. Land was purchased, designs drawn, permits pulled and construction began on many of them. In 2016 construction will begin in earnest on the majority of these new places to live. More than 1,000 hotel rooms are in the works, not including the new 1,000 room convention headquarters hotel the City is negotiating with prospective developers. The new Frost Tower Fort Worth office building and Trinity Terrace’s new high rise broke ground. Pinnacle Bank Place began rising on Lancaster and the Lancaster corridor redevelopment plans advanced. Texas A&M made a strong commitment to growth in Downtown and the Fort Worth Housing Authority took a giant step toward repositioning Butler Place. Streets are being realigned in Sundance Square, new retail is under construction, plans are being drawn for riverfront development, highway construction is improving access to Downtown from the north and TexRail is a real project, promising direct rail access between Downtown and DFW International Airport in just a couple of years. The harvest of center city renewal was plentiful last year. And just as exciting, many new seeds were planted, ensuring that new projects will continue to bear economic fruit for years to come. The breadth of Downtown opportunity continues to widen, and you are invited to participate. Whether you chose Downtown as your office location, hotel or apartment site, store location or personal residence, Fort Worth’s center city offers advantages unmatched in North Texas. We invite you to get involved in Downtown Fort Worth, Inc. and help us continue the amazing progress we are experiencing. Sincerely,

Jack Clark, Chairman

Special thanks to Brian Luenser, Geno Loro, Sundance Square, and Fort Worth Convention & Visitors Bureau for their photography. Cover image: Charles Davis Smith, AIA

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ABOUT US DFWI's Mission The mission of Downtown Fort Worth, Inc., is to be the catalyst for transforming Downtown into a vibrant place to live, visit, enjoy and conduct business through aggressive leadership of programs, projects and partnerships.

Who We Are Formed in 1981, DFWI is Downtown Fort Worth’s planning, public space management and advocacy organization. This membership-based organization has contributed to Downtown Fort Worth's vitality by serving as a liaison, ombudsman, and information source for property owners, residents, business owners, lenders, developers, community organizations, and policy-makers.

What We Do DFWI is a 501 (c)(6) non-profit membership organization. In addition to coordinating the Downtown planning process, advocacy, member services, communications and Downtown leadership, DFWI members founded the first Public Improvement District (PID) in the state of Texas in 1986. DFWI continues to manage PID #1 and also manages PID #14. These PIDs provide enhanced services to property owners including maintenance and landscaping, public space management, promotions and marketing, research, transportation, planning, and security enhancements to 564 acres of Downtown, including streets and sidewalks.

TIF PID #1 PID #14 Lancaster TIF

DFWI also administers Fort Worth’s first Tax Increment Finance District (TIF) by contract with the City of Fort Worth. Eligible TIF projects include parking, infrastructure assistance to new developments, historic preservation, affordable housing, transportation, and education. Downtown Fort Worth Initiatives, Inc. (DFWII), a 501(c)(3) non-profit corporation that provides a pathway for foundation grants, philanthropic donations and other contributions to help fund charitable, educational, and public-purpose Downtown projects. DFWII is a partner with the Housing Authority in Hillside, a 172-unit, 12-acre, mixed income residential development on the east side of Downtown. Each year DFWII helps to bring more than 500,000 people to Downtown by producing the MAIN ST. Fort Worth Arts Festival and the XTO Energy Parade of Lights. DFWII also developed and maintains the JFK Tribute in Fort Worth. DFWII redeveloped Burnett Park, renovated General Worth Square and is currently administering the Heritage Plaza restoration design.

Strategic Action Plan - Plan 2023 Every 10 years, DFWI partners with the City of Fort Worth and the Fort Worth Transportation Authority to update the Downtown Strategic Action Plan. The plan's purpose is to build consensus around and establish a common vision for Downtown Fort Worth as a livable, healthy and economically vibrant center for the community. The current Strategic Action Plan, Plan 2023, is used as a tool to help develop and align the budgets of DFWI, DFWII, PID #1 and #14, and TIF #3. Downtown's progress in fulfilling the objectives of Plan 2023 during the past year is reported in the pages of this report.

Six major focus areas: Business Development; Education; Housing; Retail, Art & Entertainment; Transportation; Urban Design; Open Space and Public Art.

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BUSINESS DEVELOPMENT Vision Downtown Fort Worth will grow as a premier business location by providing a robust economic, intellectual and cultural environment through the supporting infrastructures necessary to retain current and recruit future employers.

2015 Office Market Highlights

$28.67 87% Per square foot average rent of class A office space

Occupancy rate for the office market, up 4.1% over 2014

240,864 Square feet of office space absorbed by Downtown office market Source: CoStar

Anthracite Realty Partners’ Frost Tower Fort Worth is currently under construction.

Designed by Bennett Benner Partners and built by Balfour Beatty Construction, this will be the first multi-tenant commercial skyscraper built in the core of Downtown in more than 20 years. The building is scheduled for completion in late 2017.

Objective:

Provide the educational systems that encourage a healthy business environment. Santa Fe Freight House

849

The Downtown TIF holds a long term lease on the historic Santa Fe Freight House building; UTA is the primary tenant. In the fall 2015 semester, the student enrollment at the UTA Fort Worth Center was 849 within the five Student enrollment professional degree programs offered. The UTA Fort Worth Center offers an executive MBA, a professional MBA at the UTA Fort Worth Center and graduate programs in criminal justice and criminology, health care administration and social work.

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Objective:

Facilitate the enhancement and expansion of the Fort Worth Convention Center in order to support the growth of the convention economy in Fort Worth. Fort Worth Hospitality Feasibility Study The Fort Worth Convention and Visitors Bureau hired Hunden Strategic Partners to perform a Fort Worth Meeting and Hospitality Market and Feasibility Study. The study found that the current condition of the Convention Center has many challenges including old meeting rooms and arena, and a rarely used Annex. The study recommends the addition of 1,400 more hotel rooms in Downtown, straightening of Commerce Street, expanding the exhibit hall, and the creation of a second grand ballroom. Funding for this project will be made possible by a new TIF that was created to cover Will Rogers and the Fort Worth Convention Center area. The City of Fort Worth issued a Request for Proposals in 2015 and is currently negotiating with two development teams on a new convention headquarters hotel. Fort Worth Convention Center

Objective:

Expand Downtown's traditional business clusters to include more life sciences. Strategy: Support the University of North Texas Health Science Center (UNTHSC) in creating a new Doctor of Medicine degree-granting program.

Doctor of Medicine School In July 2015, Texas Christian University (TCU) and the University of North Texas Health Science Center (UNTHSC) announced a collaboration between both universities to create a Doctor of Medicine school in 2018. The partnership will allow for both institutions to share resources to create the new school. M.D. students will attend classes at both campuses.

Objective:

Assess the current use and accessibility of incentive programs on the state and federal level for Downtown redevelopment. United States Postal Service The United States Postal Service (USPS) will remain in the Downtown Post Office on Lancaster. The historic building's future was unknown when the USPS placed the building for sale in 2014, but the USPS has recommitted to the Downtown location and has expanded the staff and services located in the building. Significant interior improvements have been made and the Postal Service undertook an extensive exterior cleaning and maintenance effort in 2015.

United States Post Office 4


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EDUCATION Vision Targeted educational programs and new learning institutions in Downtown will focus on current and future industry clusters to attract and hold knowledge-based companies and workers. This effort will maintain Fort Worth’s primacy as host to a vibrant and innovative regional workforce, and provide critical lifelong learning experiences for its residents.

Objective:

Explore enrichment and hands-on learning opportunities for families and children. New Downtown High School In February 2015, the Fort Worth ISD approved a $69 million campus at the I.M. Terrell site that will include both the ISD’s flagship Science Technology Engineering and Math (STEM) and Visual Performing Arts (VPA) high schools. The school is projected to open in 2017 with grade nine students, adding one grade level each year. The total campus capacity is projected to be 800 students. The addition of this school will increase the availability of education options for families with children who live Downtown.

$69 M 800 Campus at the I.M. Terrell site

Student projected capacity

STEM and VPA Schools

Objective:

Support existing higher education institutions as plans for future growth develop. Encourage expansion plans to be consistent with the Downtown Urban Design Standards and Guidelines. Texas A&M School of Law Texas A&M University has invested in their Law School and committed to Downtown Fort Worth by hiring 12 additional professors in 2015. The school recently launched new programs in Trademarks, Patents, Entrepreneurship, Wills & Estates, and Innocence. DFWI is working with Texas A&M School of Law on their plans to further expand their Downtown presence.

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EDUCATION Objective:

Generate opportunities for formal and informal educational events.

Certified Urban Expert Class 2015

Certified Urban Expert DFWI and the Greater Fort Worth Association of REALTORS® (GFWAR) partner every two years to present the Certified Urban Expert Course. This year, on October 20th and 21st, 29 realtors gathered at the GFWAR Auditorium to learn how to sell Downtown Fort Worth. This intensive two-day course included presentations by experienced Realtors, Sundance Square staff, DFWI staff, and other community partners on the features and benefits of Downtown. Presenters highlighted the Downtown lifestyle, security and safety, HOA contracts, financing, Downtown statistics on retail and hospitality, contracts, and the Fort Worth Downtown Neighborhood Alliance. Agents toured multiple residential developments in Downtown as well as in neighboring districts. Realtors received six hours of MCE credit for completing the course.

In Memoriam There are three choices in life: Give in. Give up. Give it the best you’ve got. Tarrant County College District Chancellor Erma Johnson Hadley did not long consider the first two options, in her personal or professional life. We will miss her, but she left us well prepared to take on our second half-century of educating students of all ages, from all walks of life, from throughout Tarrant County and beyond. – Louise Appleman, President, Board of Trustees

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HOUSING Vision Building on past successes, the development of multifamily housing in Downtown Fort Worth and the surrounding areas should be intentionally accelerated through targeted incentives and policies supporting this land use. We will set the stage for producing market warranted housing by removing barriers to development. With a bias toward density, high-quality design, and a variety of price points including workforce-affordable housing, quality owner-occupied and rental housing, we will add to the diverse mix of residents in Downtown and increase the tax base. Cadillac Lofts – 202 units

Residential

$243 Average price per sq ft Downtown condos and townhomes

$1,734 100 Average apartment rent in Downtown for 2015. 7% increase over 2014

$255,000

Condos and townhomes units sold

Median price of Downtown condos and townhomes, 16.4% increase over 2014

Average apartment occupancy rate

Pinnacle Bank Place

Objective:

Encourage the development of affordable workforce housing units in Downtown. Hunter Plaza Hunter Plaza, the first affordable residential project to be funded by the Downtown TIF Board, is scheduled to open in early 2016. The Fort Worth Housing Authority development has created 164 one-and two-bedroom units, with 70% of the units (115) affordable to households at 60% of the area median income, adjusted for family size. The remaining units are market-rate. The TIF Board voted in 2012 to grant $1 million of the $27.5 million redevelopment cost to be used for affordable housing, and in 2013 to grant an additional $400,000 for streetscape and Hunter Plaza utility improvements. The project is expected to be complete in early 2016. Workforce Housing Gains: The number of workforce housing units in mixed-use developments in Downtown is making great strides, 317 units are planned in projects currently under construction or expected to break ground in 2016-17. This represents a 137% increase in the number of Downtown workforce housing units. 7


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Objective:

Increase the number of residential units in Downtown and adjacent districts. Attract an additional 7,500 units of housing to the greater Downtown area.

units planned or under construction Objective:

Encourage development of residential and mixed-use projects in the core, Expansion Zones and Opportunity Areas. Lancaster District In 2015, the Catalyst Urban Development and Lennar Multifamily group continued discussions with the City to develop surplus properties and to build a new urban, mixed-use destination on the south end of Downtown. The development team envisions a walkable urban experience that supports the core employment district and provides another high quality destination in center city Fort Worth. The master plan calls for development to begin on the west end of Lancaster Avenue at Cherry Street, where a combination of approximately 250 loft residential units, loft office, service retail, restaurant, entertainment, live/work, and structured parking will be added. The team has pursued the vacation of 13th Street to allow for the development and will begin the design review process in early 2016.

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Butler Housing In December 2015, an Urban Land Institute (ULI) panel, sponsored by the Housing Authority, the City of Fort Worth, Fort Worth ISD, and DFWI, evaluated the redevelopment issues associated with the 42 acre Butler Place site. The panel recommended issuing a Request for Qualifications to the development community to find an experienced and visionary redevelopment partner. The ULI Panel recommended redeveloping the site at a much higher density with pedestrian oriented multifamily residential as the dominant use. The Housing Authority will use the ULI report as a springboard for community conversation and decision making.

Hillside New 172 Hillside Partners, LLC, is a Fort Worth Housing Authority (FWHA)/DFWII joint venture which was created for the purpose of acquiring and operating Hillside Apartments. New 172 Hillside Partners, LLC, owns the apartments throughout the remaining 22 years of Hillside’s affordability period. After that, DFWII has an option to buy the FWHA’s interest and own the property free and clear.

ULI Panel Discussion

In November, DFWII closed on three contiguous vacant lots located near the Hillside Apartments Leasing Office. These will create future development flexibility when the option period arrives. The FWHA will purchase the lots from DFWII and maintain them for use as a recreational amenity for the residents.

Residential Survey DFWI has conducted four surveys of residents since 2007 to monitor trends in the changing demographics of the Downtown population. In 2015, DFWI completed its 2014/2015 resident survey. A one-sheet survey instrument was delivered to 2,456 households in Downtown using first-class postage. The response rate was 17.6%, providing a margin of error of +4% at a 95% confidence level. With the addition of more apartments, the Downtown Fort Worth residential population is becoming younger, wealthier and better educated. The Downtown population has grown at an annual rate of 5.8% since 2007. Currently, 3,452 households live in Downtown with an estimated population of 6,228. The following are highlights of the 2014/15 resident survey: • •

Resident age in Downtown condominiums /townhomes is evenly split among all age groups 25 and up. The largest Downtown age group is residents between 25-40 years of age, this age group represents 58% of apartment dwellers.

• Downtown is highly educated, with 84% of residents possessing a Bachelor degree or better. • Downtown residents are high income earners, 90% of Downtown residents earn income equal to or greater than the Fort Worth median income of $51,000 (U.S. Census Bureau 2013). 49% of Downtown residents earn greater than $100,000 annually. • Downtown residents have a large economic impact on downtown, spending over $50 million per year in Downtown restaurants and retail businesses. The full report can be downloaded from DFWI’s website at www.dfwi.org, or contact Arrie Mitchell, arrie@dfwi.org to receive a copy.

58%

84%

49%

Of apartment dwellers are 25-40

Of Residents have a bachelor’s degree or better

Downtown residents earn $100,000+

$50 M Downtown residents spend annually

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RETAIL, ARTS AND ENTERTAINMENT Vision Downtown Fort Worth should be the most vibrant area of the city, built for our local residents and highly appealing to our out-of-town visitors. Entertainment venues, restaurants, performing and visual arts, live theaters, public art and retail will combine to bring activity throughout the day and night, attracting a great diversity of people with broad interests. These activities enliven our streets, sidewalks and buildings with fun, creativity and inspiration.

Retail

$12.8M 20.3% 96%

$24.96

Clothing store sales between the third quarter of 2014 and the second quarter of 2015

Average retail rent per square foot

Increase of clothing store sales

Downtown Retail occupancy, an increase of 1.5% over 2014.

NEW RETAIL

Photo: Fort Worth Convention & Visitors Bureau 10


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Objective:

Coordinate with stakeholders to maximize potential for marketing plans that make Downtown the destination in Fort Worth that attracts people at all times. Support and strengthen the “IT ” factor that brings people into Downtown. DFWI's Marketing DFWI's Marketing Department follows a multi-channel social media strategy designed to keep Downtown patrons actively engaged in the improvement of our center city. The Downtown Fort Worth Facebook page has a following of 91,100 fans. Downtown’s Instagram following increased by over 800% in 2015, to 9,800. Follow Downtown Fort Worth on: / DowntownFortWorth

/ DTFortWorth

/ DTFortWorth

/ Downtown Fort Worth, Inc.

DFWI will launch a newly designed, responsive website, coming in late spring 2016. The new website will be the authoritative source of Downtown news and information for property owners, residents, visitors, business owners, lenders, community organizations, and policy makers. The site is powered by Citylight Web Software, which provides interactive custom mapping features, a streamlined user interface and social media content review. The website will feature an extensive list of Downtown events, venues, attractions, research, projects, and more.

http://b 3bbe9

3rd Annual Main Table On September 27, 2015, Mayor Price welcomed guests to DFWI's 3rd Annual Main Table event on beautiful Main Street. Designed to highlight Downtown as a premier regional dining destination, the Main Table received significant publicity in local media and rave reviews on social media. The sold out crowd of 480 guests enjoyed passed hors d'oeuvres and champagne while strolling up Main Table Behind the Scenes: and down Main Street. Table arrangements In typical Fort Worth fashion, Grace were provided by Flowers to Go in Sundance Square. Delicious steak dinners were served owner Adam Jones opened his al fresco by five of Downtown’s premier kitchen during the Main Table to restaurants: Del Frisco’s Double Eagle Steak fellow restaurateur Mike McCallef of House, Grace, Reata Restaurant, Ruth’s Chris Reata. The two restaurant teams worked side by side at Grace to Steak House and The Capital Grille. Main Table Premier Chef Sponsors:

plate their 200 meals for the event. Only in Fort Worth!

Burnett Park Through a grant from The Burnett Foundation, DFWII provides the administration, management, maintenance, and landscaping for Burnett Park. In 2015, Burnett Park, with funding provided by Burnett Plaza, hosted several community events including the celebration of National Popsicle Day and National Ice Cream Day. Local vendors set up in the park and provided treats for park guests. Over the summer, a Friday music series was introduced during the lunch hour. In June, the park hosted a free “bon voyage” jazz concert featuring Paschal High School's award-winning, 25-piece Jazz Ensemble. The concert took place the day before the band left for Europe to perform at the prestigious Montreux International Jazz Festival in Switzerland. For the second year in a row, Burnett Park was the site of the Jingle Bell Run/Walk for Arthritis. This year, the run boasted 1,640 runners with an estimated 2,000 total attendance.

Jazz in Burnett Park 11


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MAIN ST. Fort Worth Arts Festival Crowds celebrated the city's love of fine art in all its forms at the 30th MAIN ST. Fort Worth Arts Festival presented by Blue Moon and Andrews Distributing Company of Fort Worth. Held April 10-13, 2015, more than 200 juried artists displayed a wide-ranging collection of handmade art to appreciative audiences along Main Street and in beautiful Sundance Square Plaza. Numerous educational opportunities were provided for young people, including the Young People’s Art Fair presented by Tarrant County College and MAIN ST. Creates! presented by Wells Fargo. Four music stages brought an eclectic blend of rock, blues and pop to the streets of Downtown, including the UT Arlington MAIN Stage, the Sundance Square Stage, the new Frost “Locals Only” Stage as well as the incredible performing arts showcase presented by Squonk Opera on the Star-Telegram Stage. Downtown's MAIN event is made possible each year by scores of volunteers and sponsors. A special thank you is owed to our 2015 Festivals and Events Advisory Committee Chair, Larry Anfin, as well as the entire Committee and the Event Management Team.

XTO Energy Parade of Lights Beautiful weather provided a perfect evening for the 33rd annual XTO Energy Parade of Lights, held on its new date the Sunday before Thanksgiving. One hundred and six entries from schools, non-profit and commercial organizations, churches and community groups made Downtown Fort Worth’s holiday parade a treat for the whole family. Let the Season Begin, was the theme of the 2015 parade, with over 10,000 Street Seats sold to parade goers and thousands more viewing for free along the 1.5 mile parade route throughout Downtown. Professionally produced floats decorated with LED lights dazzled the crowd, and the arrival of Santa and Mrs. Claus brought the parade to a spirited close. This year’s Grand Marshals featured Jacinto “Cinto” Ramos, Jr., Fort Worth ISD Board President representing District 1, Patricia Linares, Ph.D., Interim Superintendent and Kent Scribner, Ph.D., the new Superintendent of FWISD.

10,000 Street seats sold

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FESTIVALS & EVENTS ADVISORY COMMITTEE Larry Anfin - Community Volunteer, Chair Marilyn Ackmann - Atmos Energy Ryan Akins - Dale Carnegie Training Gary Cumbie - The Cumbie Consultancy Carlos De La Torre - De La Torre Companies Scott Eames - Capital One Dave Fulton - Hilton Fort Worth Marilyn Gilbert - Fort Worth Chamber of Commerce Tracy Gilmour - Sundance Square Glen W. Hahn - Innovative Developers, Inc. Marie Holliday, DMD - Flowers to Go in Sundance Square Richard Maxwell - Pavlov Agency Nina Petty - Tarrant County College District Becky Renfro Borbolla - Renfro Foods, Inc. Richard Ruddell - Community Volunteer Gloria Starling - The Capital Grille Lynda Tiedtke - Community Volunteer Mitch Whitten - Fort Worth CVB


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TRANSPORTATION Vision Downtown should be a vibrant and sustainable environment, where people of all ages and mobility choices can be accommodated efficiently and safely. Downtown Fort Worth should: • Be the regional multimodal transportation hub for Fort Worth and Tarrant County. • Serve as the gateway for those arriving into Fort Worth. • Fully integrate pedestrian, transit, automobiles, and bicycle infrastructure and networks within the Downtown core. • Have substantial linkages connecting to both the region and surrounding neighborhoods.

Objective:

Develop a comprehensive central city transit strategy and system that connects regional rail at the I TC and the T & P Terminal through Downtown to the surrounding communities in conjunction with a regional transit plan. Fort Worth Transportation Authority Master Plan In 2015, the Fort Worth Transportation Authority (FWTA) undertook the development of a Master Plan to define a vision for the future of public transportation in the western region of the Metroplex. The Master Plan will help guide the FWTA on how to best improve and expand bus and transit service to meet the growing demands of our region and better serve our community. The final plan is expected to be released in early 2016.

TEX Rail In December, TEX Rail reached an important milestone when rail line operation rights were cleared. Multiple rail companies gathered in Fort Worth to sign eight agreements that collectively cleared the way for the Fort Worth Transportation Authority to begin operating TEX Rail from Downtown Fort Worth to Grapevine and Dallas/Fort Worth Airport by late 2018. Companies joining the Fort Worth Transportation Authority in the agreements included Amtrak, DART, Fort Worth & Western Railroad, and Union Pacific.

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TRANSPORTATION

High Speed Rail The Dallas/Fort Worth Commission for High Speed Rail continued its work with the Council of Governments and individual jurisdictions and stakeholders to ensure that if High Speed Rail comes to North Texas, it will connect to Fort Worth. The Task Force Chairman is former TxDOT Commissioner and Fort Worth City Councilman, Bill Meadows.

City’s Master Thoroughfare Plan The adopted Master Thoroughfare Plan is being updated to improve street and pedestrian connectivity, offer more flexibility in street design based on surrounding land use, and to support multiple modes of transportation throughout Fort Worth. The City hopes to receive a recommendation from the City Plan Commission in March of 2016 and adoption by the City Council in April. DFWI staff and downtown stakeholders served as part of the resource team during the redrafting process.

Hemphill-Lamar Connector Rising costs created a halt in the construction of the Hemphill-Lamar Connector. Seen as an important regional thoroughfare, Hemphill travels from south of Interstate 20 to the core of the city. The street terminates at Vickery and has been the subject of much study, resulting in extensive plans for an underpass that connects Hemphill with Lamar Street in Downtown. A team of advocates has been busy at work exploring funding options with special leadership provided by Robert and Anne Bass, and District 9 Councilmember Ann Zadeh. At the time of writing, indications for a resuscitation of this project seem very promising.

Bike Plan and Bike Share

11,000 175,000 42,000 7 Million Calories Bike Share users in 2015

Miles ridden

Trips taken by Bike Share riders

Riders have burned in 2015

In September of 2015, DFWI entered into an agreement with Fort Worth Bike Sharing (FWBS) to provide $10,000 in annual funding for five years, subject to the approval of the PID Advisory Board and City Council, to be used for maintenance of the Downtown bike share stations. FWBS launched its system in April 2013 with 35 stations and 300 bikes in Downtown Fort Worth, the Near Southside and the Cultural District (12 stations in Downtown). In 2014, three additional stations were added Downtown, bringing the total to 15. In 2015, an additional nine stations were installed throughout the system; four in Downtown. In 2015, over 11,000 users of the system have taken 42,000 trips, ridden over 175,000 miles, and have burned almost seven million calories. DFWI staff maintains active representation on the FWBS Board of Directors.

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Objective:

Adopt a regional rail plan and develop a comprehensive regional transit plan. Objective:

Improve wayfinding. The City of Fort Worth’s contractor has completed the installation of approximately 225 signs in three districts: Downtown, the Cultural District and the Historic Stockyards. The project was largely funded by a federal grant through TxDOT to the City of Fort Worth. The Downtown PID, the Historic Stockyards and the Cultural District provided local project match funding. The Downtown TIF provided funding to help with increased costs and additional signs in downtown.

Objective:

In conjunction with the Urban Design objectives, work to advocate and ensure all streets and trails in Downtown are pedestrian-friendly. Use walkability improvements as a tool to create connections between the Downtown Core and other developed areas. This will require a commitment that extends beyond the term of this 10-year plan. 10th Street Pedestrian and Bike Improvements DFWI and other partners are working with the City to enhance the connection from Downtown Fort Worth to the Trinity Trail system. The current proposal is to install a sidewalk from 10th to Fournier, an enhanced pedestrian crossing at Forest Park, and an on-street trail from the trailhead at 10th Street to Penn Street. A majority of the work is anticipated to be funded through the 2014 Bond Program. The project is currently under review by stakeholders. Public meetings are anticipated to occur in late winter/early spring to get feedback on the on-street trail design.

1st Street Improvements As a result of the Tower 55 at-grade improvements at 1st Street, DFWI led stakeholders in talks with BNSF regarding potential mitigation, and secured $750,000 for pedestrian enhancements in the immediate area. After issuing a Request for Qualifications for a Design-Build team in the summer of 2015, DFWI selected The Fain Group, Inc. and Kimley-Horn to design and construct the planned improvements. Improvements are anticipated to include a sidewalk connection from 1st to 2nd, wider sidewalks on 3rd Street under the railroad bridge and potential bridge enhancements; all of which will improve the pedestrian connection between Downtown and the greater Hillside area.

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TRANSPORTATION

Objective:

Encourage more efficient and customer-oriented approach to on-street parking and use of parking garages. Pay for Parking On-the-Go In January 2016, the City of Fort Worth launched a new smartphone app, FW Park, powered by ParkMobile, that allows drivers to pay for parking at 2,700 metered spaces around the city from their mobile phones. The app sends alerts 15 minutes before meters expire and allows users to add more time to the meters to avoid getting a parking ticket.

Objective:

Support The T in its efforts to increase public transit system ridership into and passing through Downtown by 30%. The FWTA has been working diligently to provide transit customers with real-time passenger information for rail and bus travel. Those traveling on the Trinity Railway Express can find details on the train platforms. Passengers on Molly the Trolley and city buses can take advantage of the FWTA’s new app, NextBus. The interactive app lets riders choose their route and then check to see what time the next bus or trolley is arriving. All of the buses and trolleys are equipped with GPS so that app users can see a visual representation of the vehicles traveling in real time. NextBus is also available on the FWTA website and can be accessed on computers and mobile devices.

Free Public Parking The Downtown TIF leases space in private garages to provide free public parking to support Downtown’s retail, dining and entertainment venues. The TIF has 3,331 free evening/weekend parking spaces open to the general public in those garages. •

300 first-hour-free daytime spaces and 300 free evening/weekend spaces are available in the Tower Garage.

64 2½-hour-free spaces are available in the Sundance Square 3rd Street garage for patrons of the Fort Worth Library with library validation.

100 2½-hour-free daytime parking spaces with validation and 500 free evening/weekend spaces are available in the City Place north garage.

250 free evening/weekend spaces are available in the Tarrant County Family Law garage.

• In addition to the free daytime parking options, the TIF offers more than 4,300 free evening and weekend parking spaces to the general public. Free and pay public parking options can be found at www.fortworthparking.com.

16


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URBAN DESIGN, OPEN SPACE AND PUBLIC ART Vision Downtown’s urban design, open spaces, and public art should promote community pride and engagement, attract national and international acclaim, add vitality and foster intellectual stimulation. It should reinforce activity both day and night by providing a high quality environment defined by intriguing design and arts, permanent and temporary, contemporary and historic.

The public realm of Downtown should: • Be clean and feel safe • Be walkable with engaging pedestrian rhythm • Be everybody’s neighborhood • Be highly appealing to all ages • Be connected • Be fun and creative • Provide an environment that encourages relationships and partnerships • Be timeless.

Objective:

Encourage high-quality overall design of Downtown. Downtown Design Standards In 2015, City of Fort Worth and DFWI staff reviewed and commented on approximately 180 Downtown Design Review Board (DDRB) cases, 161 of which were approved administratively. The DFWI’s Design Review Committee reviewed the balance of the cases and provided recommendations to the DDRB. The DFWI Design Review committee continued to provide guidance to City and DFWI staff during the Strategic Action Plan-recommended update of the Downtown Design Standards. DFWI and City staff researched key topics and held meetings with stakeholders and neighborhood groups on those topics as well as proposed expansion areas. It is anticipated that the Design Standards update will move through the City approval process in early 2016.

17


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URBAN DESIGN, OPEN SPACE AND PUBLIC ART

Public Discussion and Property Owner Advocacy As part of the Downtown Urban Design Standards and Guidelines update, DFWI, facilitated a number of public discussions and solicited comments on important topics related to the recommendations. Issues included top of building signage, minimum building heights along key corridors, and standards for potential new expansion areas.

Objective:

Increase the prominence and usefulness of Downtown open spaces and parks and create new park and green space opportunities. Heritage Plaza

Heritage Plaza Workshop

In 2015, DFWII conducted additional due diligence with the Heritage Plaza design team to better understand the project cost and scope. The Amon G. Carter Foundation, Streams and Valleys, and the Sid Richardson Foundation have all participated in funding Plaza studies. Funds from the Amon G. Carter Foundation will pay for the design and $1.5M is included in the City’s 2014 Bond Package to pay for construction. Additional due diligence uncovered a potential gap in funding. As a result, DFWII sought funding from the Downtown TIF for the intended improvements. $1M was approved by the TIF Board contingent on certain safety, design and functional challenges being considered. In September 2015, DFWII signed a contract with the design team, Studio Outside/Bennett Benner Partners Joint Venture. The project plan is anticipated to include: • • • •

Restoration and structural repairs Reactivation of the fountains New landscape and irrigation Security and safety enhancements, which may include – Lighting – Guardrails – Wall edits • Maintenance and programming.

Parks Master Plan The City of Fort Worth Parks Department has included a new definition of urban parks in their master plan based on feedback from several central city organizations. These parks are less than one-acre and are often called pocket parks. They could be located on public or private land, but are open to the public for a variety of uses.

Objective:

Build on Downtown Fort Worth's reputation as a premier urban design environment showcasing the advantages of good design and harnessing educational resources. 18


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Community Design Studio Fort Worth With initial funding provided by DFWI, Community Design Studio Fort Worth filed for nonprofit status with the State. DFWI and City of Fort Worth staff continue to meet with board members Michael Bennett, AIA, Principal/CEO, Bennett Benner Partners; Don Gatzke, Professor of Architecture, University of Texas Arlington; Joel Burns, former City Councilmember for District 9 in Fort Worth; Jeff Whitacre, representing the local American Planning Association Chapter; and Clifton Hall representing the local American Society of Landscape Architects, to determine the design studio’s next steps for staff and projects in early 2016. Community Design Studio Fort Worth will serve as a resource to municipalities, communities and citizens of Fort Worth and North Texas to define, understand and promote concepts of design excellence for the built environment and the public realm. The Design Center constituents will also include those typically left out of the planning process.

Objective:

Encourage the installation of public art throughout Downtown. Public Art: Wings of the City In the summer of 2015, nine bronze sculptures of guardian angels by Mexican artist, Jorge Marín, descended on Downtown Fort Worth, championed by City Councilmember Sal Espino. DFWI worked closely with Mexican Consul General Dr. José Octavio Tripp Villanueva, who sponsored the exhibition and Fort Worth Public Art to site the urban art project, “Wings of the City,” throughout Downtown. The work was featured in Burnett Park, the Fort Worth Water Gardens, General Worth Square, the Convention Center 9th Street Plaza, and Sundance Square Plaza. The temporary installation provided opportunities for the public to interact with art located in a variety of Downtown settings. The Rotary Club of Fort Worth provided docents for the exhibit. Councilmember Ann Zadeh “Alas de Mexico” by Jorge Marín

In Memoriam Former Speaker of the U.S. House of Representatives, Jim Wright, never tired of lending his wisdom, using his influence or sharing his love for Fort Worth. He was a tireless advocate for the people of his district and the advancement of his city. He was a friend to all who met him and a champion for millions who never had the chance. Downtown Fort Worth, Inc. thanks Speaker Wright for his lifetime of public service, 1922 - 2015.

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PUBLIC IMPROVEMENT DISTRICTS #1 & #14 The Fort Worth Public Improvement District (PID #1), founded and administered by DFWI, offers a comprehensive program of services including maintenance and landscaping, security enhancements, market research, public space management, communications and marketing, transportation solutions, and planning.

PID#1 ADVISORY BOARD

PID #1 Maintenance and Landscaping PID #1 contractors provide approximately 150 man-hours of streetscape maintenance each day. Sidewalks are tended to on a daily basis with high-pressure washers and hand sweeping. Light poles and benches are painted, graffiti and stickers are removed, trees are trimmed, tree lights installed, grackles and other migratory birds are relocated, grass is mowed, garbage is removed, and other jobs are performed to keep Downtown’s cleanliness and appeal at the highest level.

35 Acres 1.5 M 6-man team power washes per week

Approximate square footage power washed by the Cowtown Traffic Control team

72 Miles Of Downtown streets swept weekly

Spring Landscape Planting PID #1 crews are responsible for the care and maintenance of 12,300 square feet of planters. During the month of June 2015, landscapers planted 24,000 flowers throughout Downtown.

Jed Wagenknecht - Downtown Fort Worth Blackstone Courtyard, Chair Rita Aves - Oil & Gas Building Carma Bohannon - Mallick Tower Johnny Campbell - Sundance Square Sabrina Carter -Starpoint Commercial Properties, LLC Gary Cumbie -The Cumbie Consultancy Ryan Delaney - Hines Interests, L.P. Jim Finley - Finley Resources Inc. Dave Fulton - Hilton Fort Worth Taylor Gandy - Ron Investments, Ltd Suzan Greene - ONCOR Electric Delivery Marie Holliday, DMD - Flowers to Go in Sundance Square Chris Jeans - XTO Energy Julie Jones - Chesapeake Energy Corporation John Klukan - The Worthington Renaissance Fort Worth Hotel Walter Littlejohn - The Fort Worth Club Michelle Lynn - Building Owners & Managers Association Renee Massey - Red Oak Realty Allison Millington - TIERREIT Tom L. Struhs - Struhs Construction Joy Webster - MorningStar Capital

Security Enhancement PID #1 funds and provides support for a number of security enhancement programs, including the Downtown Fort Worth Police Mounted Patrol Unit, Operation Partnership Security Network and the Citizens Support Group for the Bicycle Patrol. This year the Support Group funded thousands of dollars in bicycles and gear for the Downtown bicycle unit, including new bike-friendly uniforms for the officers.

General Worth Square and the JFK Tribute PID #1 provides maintenance and landscaping services for General Worth Square and the JFK Tribute in Fort Worth. Maintenance and repairs to the JFK Tribute are funded through a private endowment established for the Tribute at the time of construction. 20


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TIF PID #1 PID #14 Lancaster TIF

Downtown Banner Program The Downtown Banner Program administered by DFWI's Marketing Department provides display space on Main, Houston, and Throckmorton Streets. The program offers non-profit organizations an opportunity to reach the thousands of people who live, work and play in Downtown daily. In 2015, 32 organizations participated in the program.

FW DNA Facilitated by DFWI and PID #1, the Fort Worth Downtown Neighborhood Alliance has been instrumental in keeping Downtown residents informed and involved in the various events taking place in our city. In 2015, resident participation in DNA events reached an all-time high. At their Annual Meeting, the DNA hosted a record 175 guests. Through monthly events, the DNA has continued to make great strides in their efforts to support Downtown businesses and foster resident involvement in local matters. The FW DNA introduced the Perks Program, a membership incentive which provides special offers from Downtown businesses to FW DNA members when they show their FW DNA Membership card. Twenty-five Downtown businesses signed on to participate in 2016.

PID #14 Fort Worth Improvement District #14 was established in June 2009. District contractors provide sidewalk maintenance and supplemental weekly trash pickup across the 33 acres of PID #14. The PID also provides brackets and banners on the light poles that identify the neighborhood as “Uptown Fort Worth.�

PID #14 ADVISORY BOARD Tom Struhs - Struhs Construction Tim Hayes - Villa De Leon HOA President Allie Giraldo - TownePlace Suites by Marriott Leah Stanfield - Lincoln Property Company

21


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MEMBERSHIP Annual Meeting - On April 1, 2015, over 400 leading business, government and industry professionals attended DFWI's 33rd Annual Meeting and Trailblazer Awards Ceremony at the Worthington Renaissance Fort Worth Hotel.

2015 Downtown Trailblazer Awards The Downtown Trailblazer Awards celebrate outstanding leadership, achievement, and contributions to Downtown. Innovation Award- Streams & Valleys Sustainable Development Award - Burnett Plaza & TIER REIT GreenSpace Award - Rotary Plaza Urban Design - City Place Preservation & Adaptive Reuse - MorningStar Oil & Gas Marketing & Promotion - Fort Worth Convention & Visitors Bureau Placemaking - Sundance Square Plaza

Streams & Valleys – Innovation Award

DFWI Members Summer Series – For the second year, the Summer Series was offered to DFWI members as a summer version of quarterly meetings. Members gathered for an opportunity to mix, mingle, and sample offerings at three Downtown restaurants, Vivo 53, Grace and Reata.

Lancaster District Vision Luncheon - On September 20, 2015, keynote speaker Paris Rutherford presented to over 200 guests on the Catalyst Urban Development/Lennar Multifamily plan for redeveloping Lancaster. Sustaining Members Ryan M. Akins* Dale Carnegie Training Ola Assem* Cleopatra, Inc. Matthew Avila* Thos. S. Byrne, Ltd. Tyler Baker* Hines Paul Ballard* Fort Worth Transportation Authority Edward P. Bass* Fine Line Diversified Development Robert M. Bass* Keystone Group, L.P. Richard T. Baumeister, Jr.* CliftonLarsonAllen Michael Bennett* Bennett Benner Partners Greg Bird* Jetta Operating Company, Inc. Johnny Campbell* Sundance Square Sabrina Carter* Starpoint Commercial Properties, LLC Richard Casarez* ONCOR Electric Delivery Andrew Casperson* Omni Fort Worth Hotel 22

* DFWI and DFWII Board of Directors

Jack Clark* Red Oak Realty

Karl A. Komatsu* Komatsu Architecture

Jeff Davis* Republic Title of Fort Worth

Mark Linenberger* LINBECK

Kevin Downing* Mutual of Omaha Bank

Walter Littlejohn* The Fort Worth Club

Scott Eames* Capital One Bank

Patrick McFarlin, P.E. * JACOBS

Douglas K. Eller* Chase

Pati Meadows* Kelly Hart & Hallman LLP

Jim Finley* Finley Resources Inc.

Charles Milliken* Decker, Jones, McMackin, McClane, Hall & Bates, P.C.

Dave Fulton* Hilton Fort Worth Melissa Graham* 777 Main Steve Hambrick* PlainsCapital Bank Brian E. Happel* BBVA Compass Donald P. Hellman* Comerica Bank Michael Hoffer* Hahnfeld Hoffer Stanford Chris Jeans* XTO Energy Inc. Sherry Key* Wells Fargo John Klukan* The Worthington Renaissance Fort Worth Hotel

Gary Wortel* Fort Worth Star-Telegram Affiliate Members Amee Fuchs TIER REIT Scott Lemmon TIER REIT Mark McClendon Tarrant County College District George Vavrek LINBECK Jim Vineyard Capital One Bank

Allison Millington* TIER REIT

Corporate Members

Robert Molloy* Southwest Bank

Susan Grawe Balfour Beatty Construction, LLC

Wade T. Nowlin* Hub International Rigg

Eddie Broussard* Texas Capital Bank

Michael R. Pavell* Bank of America

Paul Johnson* Shannon, Gracey, Ratliff & Miller, LLP

Nina Petty* Tarrant County College District T. Pollard Rogers* Cantey & Hanger, L.L.P. Jon M. Ruff* Spire Realty Group, LP Robert W. Semple* Bank of Texas Gloria Starling* The Capital Grille Fort Worth

Monty Mohon* UNTHSC Justin Rutledge* BB&T Jake Sigler* W.G. Yates & Sons Brent Sparks* HKS, INC. John Yeung* Sheraton Fort Worth Hotel and Spa


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General Members Marilyn Ackmann* Atmos Energy Neils Agather The Burnett Companies Stewart Alcorn Frost Bank Cody Baker Klabzuba Companies Peter Bennis Pinnacle Bank Mike Berry Hillwood Properties Jerry Bolz Peloton Capital Partners Henry Borbolla Ciera Bank Claire Brunner Enilon Tim K. Bruster* First United Methodist Church Bill Buechele Deloitte & Touche Tim Carter Southside Bank Joseph DeWoody Clear Fork Royalty Dee Finley, Jr. Harris, Finley & Bogle, P.C. Brad Forsberg KPMG LLP Susan Fortney* Texas A&M University School of Law Noelle Garsek Winstead PC Robert L. Ginsburg McDonald Sanders, PC Albon Head Jackson Walker, L.L.P. Patrick Hebrard-Bopp Petroleum Club of Fort Worth Robert L. Herchert Freese and Nichols, Inc.

Clay Humphries* J. C. Pace, Ltd.

Allen Wallach PAVLOV Advertising, LLC

EriGarrison TBG Partners

Patricia A. Jones* GM Financial

Joy Webster MorningStar Capital

J.A. Garrison, CPA J.A. Garrison & Co., CPAs

Dione Kennedy* Performing Arts Fort Worth, Inc.

Associate Members

Randall Gideon Gideon Holdings

Luther King Luther King Capital Management Tommy D. Lawler Weaver Lynaia Lutes FTS International Brian Lynch* Ben E. Keith Company Kaye Miller* Pier 1 Imports, Inc. Carolann Morris Inwood National Bank

Neils Agather The Burnett Foundation Larry Anfin* Community Volunteer Brad Barnes Southwestern Exposition & Livestock Show Robert D. Benda Westwood Contractors, Inc. David Boon Purdy-McGuire, Inc. Victor J. Boschini, Jr. Texas Christian University

Allie Giraldo TownePlace Suites by Marriott J.D. Granger Trinity River Vision Authority Craig Gutow Benbrooke Realty Investment Company Craig Hale RSP Architects Craig Harbuck Higginbotham & Associates, Inc. Barney B. Holland, Jr.* Barney Holland Oil Company

Greg Morse Worthington National Bank

David Burshears Northwest Oil & Gas Exploration

E. Randall Hudson III Javelina Partners

Phil Norwood Frost Bank

Naomi Byrne Fort Worth Housing Authority

John Humphrey Cockrell Enovation

Martin Noto First Financial Bank, N.A.

Misti Callicott Reata Restaurant

Richard Jaynes, AIA VLK Architects

Stan O'Neil Legacy Texas Bank

Patricia Cantu Aspan Spectrum Custom Painting

JoAnn M. Jensen New York Life

Raul Pena, III, PE* TranSystems

Rhett Caraway Fort Worth Window Cleaning

Dain ''Adam'' Jones Grace and Little Red Wasp

John H. Robinson Amon G. Carter Foundation

Wayne Carson ACH Child and Family Services

Greg Kalina Del Frisco's Double Eagle Steakhouse

Larry Rogers Huitt-Zollars, Inc.

Monty Clegg Lockheed Martin Armed Forces Bowl

Carol Klocek The Center for Transforming Lives

Whit Smith The Whitney Smith Company, Inc.

Mark Dabney BOKA Powell

Gina Tankersley Anchor Roofing Systems

Scott Daniels ASI Business Solutions

Leo Taylor Wortham Insurance & Risk Management

Mary Margaret Davis Mary Margaret Davis Real Estate Team

Joe Lafko Precision Special Events

Jed Wagenknecht Downtown Fort Worth Blackstone Courtyard

John C. Downie Downie Productions, Inc.

John Langston Panther Capital Group

Antonio Garcia The Christmas Light Company, Inc.

Bill Lawrence Lawrence & Associates

Seth Koschak Stream Realty Partners Ann Kovich Halff Associates, Inc.

23


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Frederick Slabach Texas Wesleyan University

Allan Howeth Cantey Hanger, LLP

Ben D. Loughry Integra Realty Resources DFW

Jim Sluck US Vision Care

James R. Nichols Freese and Nichols, Inc.

John A. Messmann St. Paul Lutheran Church

Tawney Smith Texas & Pacific Lofts

John V. Roach Roach Enterprises

Mike Moncrief Moncrief Investments

Tom L. Struhs Struhs Construction

Terrence J. Ryan Southwest Bank

Peggie Muir City Club of Fort Worth

Jeffrey Taylor, P.E. Dunaway Associates, L.P.

John Stevenson Keystone Group, L.P.

Steve Murrin, Jr. River Ranch at the Stockyards

Caroline Thomas Origin Bank

Greg Upp Community Volunteer

Aaron Nathan Kimley-Horn and Associates, Inc.

Erin Vader Nolan Catholic High School

Ex-Officio

Douglas L. Varner, P.E. CDM Smith

Dale Brock Fort Worth Downtown Neighborhood Alliance

Becky Fetty Director of Marketing & Membership Beckyf@dfwi.org

Mae Ferguson Fort Worth Sister Cities International

Candice Fry Accounting Assistant accounting@dfwi.org

John Hernandez Fort Worth Hispanic Chamber of Commerce

Brandi Huckabee Controller Brandi@dfwi.org

Marie Holliday, DMD Fort Worth Metropolitan Black Chamber of Commerce

Melissa Konur Director of Planning melissa@dfwi.org

Robert L. Jameson Fort Worth Convention & Visitors Bureau

Arrie Mitchell Director of Research arrie@dfwi.org

Michelle Lynn Building Owners & Managers Association

Taylor Qualls Marketing and Special Projects Manager taylorq@dfwi.org

Leslie Oliver The Fort Worth Public Library Foundation Jim Parr DINASUBS Lee D. Patterson * Trinity Terrace Gladys Pinkerton Pinkerton Design Scott Polikov Gateway Planning Group, Inc. Becky Renfro Borbolla Renfro Foods, Inc. Janna Rivera Hillside Apartments Lee O. Rogers The Rogers Group: Advertising Michael P. Roundtree Zebra Crossing, LLC JoAnn Royer Williams Trew Real Estate Services Steve Ruse, P.E., LEED AP Summit Consultants, Inc. Robert C. Sanger EECU Tony Shuman YMCA of Metropolitan Fort Worth

24

DFWI Staff Andrew Taft President Andy@dfwi.org

Paul Lindenberger Platinum Parking

Bryan Wagner Wagner Oil Company Mike West UT Arlington Fort Worth Higher Education Center George Westby Quick Park - A West by Southwest Company Heather Williamson Fort Worth Westview Condominiums C/O BPMI Diane Willingham Flying Saucer John Wright Simple Leadership Strategies Tim D. Young Fort Worth Texas Real Estate James Yu Pape-Dawson Engineers, Inc.

Directors Emeritus L.O. ''Buzz'' Brightbill, III Southwest Bank Gary W. Cumbie The Cumbie Consultancy Taylor Gandy Ron Investments, Ltd

Stacy Marshall Southeast Fort Worth, Inc. Paul Paine Fort Worth South, Inc. Bill Thornton Fort Worth Chamber of Commerce

Matt Beard Director of Public Improvement Districts/ TIF#3 Director Matt@dfwi.org Cleshia Butler Administrative Assistant Cleshia@dfwi.org Jay Downie Event Producer Jay@dfwi.org

Carole Robinson Executive Assistant/ Office Manager carole@dfwi.org


DFWI-Report inside cover.qxp_DFWI-inside cover 3/2/16 3:16 PM Page 1

FINANCIALS 2015 Downtown Fort Worth, Inc. - 501(c)(6)

Downtown Fort Worth Initiatives, Inc. - 501(c)(3)

Revenues:

Revenues:

DFWI Administration Platinum Sponsor

$

TIF Administration TIF Board

664,118

Festivals & Events

151,829

Downtown Parks/Public Art

672,337

Sante Fe Freight House

443,692

Housing

134,640

Net Investments

(34,254)

11,788,157

PID #1

2,130,191

PID #14

16,210

Total

Wings of the City

DFWI Administration TIF Administration

Fort Worth B-Cycle

TIF Board Obligations

PIONEER SPIRIT AWARD

PID#1

Acre Distillery

PID#14

Sundance Square Christmas & New Year's Eve Celebration

$

3,574,790

$

2,351,898

Expenses:

PRESIDENT'S AWARD

PLACEMAKING AWARD

$

628,773

Expenses:

151,830

Festivals & Events

11,788,156

Downtown Parks*

262,396

Sante Fe Freight House

443,692

2,130,191 16,210

Total

Housing

$14,715,160 $

Net Income

35,345

Net Income

64,477 $

3,122,463

$

452,327

PROMOTION & MARKETING AWARD Sundance Square Valet Program PRESERVATION, ADAPTIVE REUSE & SUSTAINABLE DEVELOPMENT

REVENUES

Tarrant County Courthouse & Tom Vandegrfriff Civil Courts Building UNSUNG HERO AWARD Brian Luenser URBAN DESIGN AWARD Lincoln Property Company

Created to showcase the most successful and innovative efforts in center city development, the Downtown Fort Worth Tailblazer Awards celebrate the vision and commitment of those that make Downtown spectacular.

N094017.01B DFWI-Report inside cov_RV3-2.pdf Mar 3 2016 7:57:07

2,358,375

$14,750,505 Total

CHAIRMAN'S AWARD

$

DFWI Administration

4.5%

Festivals & Events

66.0%

TIF Administration

1.0%

Downtown Parks

18.8% 12.4%

TIF Board Obligations

79.9%

Santa Fe Freight House

PID #1

14.5%

Housing

PID #4

.1%

3.8%


annual report 2015

777 Taylor Street, Suite 100 Fort Worth, TX 76102 817.870.1692 www.dfwi.org

N094017.01F Report cover_RV3-2.pdf Mar 3 2016 7:57:03

2016 Trailblazer Award winner– Tarrant County Courthouse clocktower, west lawn and west façade restoration


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