2025-09-02T09:26:49-05:00 2024-12-31 621199757 LBMC PC 325 WEST MAIN STREET STE 1600 LOUISVILLE KY 40202 990 2024-01-01 310992627 DOWNTOWN DEVELOPMENT CORPORATION DOWN 5025846000 500 W JEFFERSON ST SUITE 1210 LOUISVILLE KY 40202 REBECCA FLEISCHAKER EXECUTIVE DIRECTOR 5025846000 2025-08-29 1 0 ABIGAIL CAMPBELL P01296738 5025851600 2024 2025-03-06 01:10:19Z LOUISVILLE DOWNTOWN PARTNERSHIP (LDP) REBECCA FLEISCHAKER 500 W JEFFERSON ST SUITE 1210 LOUISVILLE KY 40202 1853066 0 X WWW.LOUISVILLEDOWNTOWN.ORG X 1988 KY DEVELOPING DOWNTOWN LOUISVILLE 39 39 0 42 0 0 598500 500085 1257286 1315885 11485 37096 0 0 1867271 1853066 55625 78625 0 0 585303 0 0 0 22293 1321227 1794239 1962155 1872864 -94884 -19798 2855319 2670303 636296 472607 2219023 2197696 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 335749 3125 335749 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. THREE PRIMARY PILLARS DEFINE DDC'S STRATEGIC APPROACH FOR DOWNTOWN'S FUTURE SUCCESS: 1) ACTIVATING DOWNTOWN THROUGH REINFORCING AND SUPPORTING ITS ANCHOR INSTITUTIONS, EXPANDING DOWNTOWN'S ATTRACTIONS, AND ATTRACTING PEOPLE TO DOWNTOWN TO SHOWCASE LOUISVILLE'S CREATIVITY; 2) REINFORCING DOWNTOWN AS A RESIDENTIAL NEIGHBORHOOD BY ADVOCATING FOR CONVERSION INCENTIVES TO DEVELOP RESIDENTIAL OPPORTUNITIES, 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 2024, DDC DEVOTED SIGNIFICANT TIME AND RESOURCES IN ADVANCING THE ECONOMIC DEVELOPMENT OF DOWNTOWN TO BENEFIT OUR BUSINESSES, DEVELOPERS, PROPERTY OWNERS, WORKERS, AND OTHER STAKEHOLDERS, INCLUDING:- DOWNTOWN STRATEGY AND STRATEGIC PLAN: AT ITS STATE OF THE DOWNTOWN EVENT IN MARCH, DDC UNVEILED THE NEW LOUISVILLE DOWNTOWN DEVELOPMENT STRATEGY, ESTABLISHING A VISION AND GUIDE FOR DEVELOPMENT OVER THE NEXT TEN YEARS. THE STRATEGY WAS SUBSEQUENTLY ADOPTED BY LOUISVILLE METRO COUNCIL AS DOWNTOWN'S NEIGHBORHOOD PLAN. WITH THE DOWNTOWN STRATEGY IN PLACE, DDC IMPLEMENTED A NEW ORGANIZATIONAL STRATEGIC PLAN AS THE ROADMAP FOR CONVERTING THE DOWNTOWN STRATEGY INTO ACTIONABLE PROJECTS OWNED BY EITHER DDC OR OTHER PARTNER ORGANIZATIONS. DDC WILL BE PROVIDING ANNUAL PROGRESS REVIEWS ON THE DOWNTOWN STRATEGY AND ALSO MONTHLY UPDATES FOR THE PUBLIC VIA AN ACTION ITEM TRACKER ON ITS WEBSITE.- ANNUAL DOWNTOWN ECONOMIC IMPACT REPORT: DDC RELEASED ITS FOURTH ANNUAL DOWNTOWN ECONOMIC IMPACT REPORT SHOWING WHAT DOWNTOWN MEANS FOR OUR COMMUNITY AND REGION, EMPHASIZING THE CRITICAL IMPORTANCE OF A STRONG DOWNTOWN TO THE HEALTH AND VIBRANCY OF THE CITY, GREATER METROPOLITAN REGION, AND STATE. THIS REPORT PROVIDES BASELINE DATA FOR DISCUSSIONS WITH GOVERNMENT AND ECONOMIC LEADERS ABOUT THE IMPORTANCE OF SUSTAINED PUBLIC AND PRIVATE INVESTMENT IN THE GREATER DOWNTOWN AREA. RECOGNIZING THE VITAL IMPORTANCE OF DOWNTOWN LOUISVILLE TO THE STATE'S OVERALL ECONOMIC HEALTH AND VIBRANCY, THE KENTUCKY STATE LEGISLATURE ALLOCATED $100 MILLION TO LOUISVILLE METRO GOVERNMENT FOR KEY DOWNTOWN PROJECTS.- BUSINESS SUPPORT: DDC CONTINUES ITS COMMITMENT TO SUPPORTING DOWNTOWN BUSINESS AND PROPERTY OWNERS, EMPLOYERS, AND RETAILERS, INCLUDING: 1) CONVENING QUARTERLY ROUNDTABLES FOR SMALL BUSINESS OWNERS, MAJOR EMPLOYERS, COMMERCIAL BROKERS AND PROPERTY MANAGERS, RESIDENTS, AND URBAN PLANNERS TO DEVELOP SOLUTIONS TO THE CHALLENGES FACING DOWNTOWN, 2) PROMOTING THE DOWNTOWN SMALL BUSINESS LOAN PRODUCT THROUGH THE DOWNTOWN COMMERCIAL LOAN FUND, 3) REGULARLY COMMUNICATING INFORMATION ABOUT EVENTS, SPECIAL INITIATIVES, AND NEWS, AND 4) HELPING INDIVIDUAL BUSINESSES PROBLEM-SOLVE PARTICULAR ISSUES THAT THEY MAY ENCOUNTER.- PUBLIC SAFETY: DDC STRENGTHENED ITS WORKING RELATIONSHIP WITH THE LEADERSHIP OF THE LOUISVILLE METRO POLICE DEPARTMENT (LMPD) TO CONTINUE ENHANCING THE SAFETY OF DOWNTOWN AND ADDRESSING PUBLIC PERCEPTIONS ABOUT THE SAME. AS A RESULT OF THIS ENGAGEMENT, ADDITIONAL OFFICERS WERE ADDED TO LMPD'S DEDICATED DOWNTOWN AREA PATROL ALLOWING FOR THE RESUMPTION OF BEAT PATROLS AND GREATER VISIBILITY OF OFFICERS ON THE STREETS OF DOWNTOWN. AS MANAGER OF DOWNTOWN'S BUSINESS IMPROVEMENT DISTRICT (BID), DDC CONTINUED ITS PARTNERSHIP WITH LOUISVILLE TOURISM, HUMANA, AND LOUISVILLE METRO GOVERNMENT TO SUSTAIN ADDITIONAL FUNDING FOR THE EXPANSION OF THE BID'S AMBASSADOR PROGRAM, WHICH PROVIDES A FRIENDLY SAFETY PRESENCE FOR OUR DOWNTOWN WORKERS, RESIDENTS, AND GUESTS. THIS VITAL EXPANSION OF THE PROGRAM DOUBLED THE NUMBER OF AMBASSADORS (FROM 18 TO 36) AND ALLOWED FOR CONTINUED OPERATIONS UNTIL MIDNIGHT EVERY DAY OF THE WEEK.- DEVELOPMENT FACILITATION: DDC SERVES AS THE PRIMARY SOURCE OF DOWNTOWN MARKET AND DEMOGRAPHIC RESEARCH DATA WHICH HELPS DEVELOPERS MAKE SOUND INVESTMENT DECISIONS IN THE GREATER DOWNTOWN AREA. PUBLIC AND PRIVATE INVESTMENT CONTINUED TO GROW IN 2024, WITH 36 DEVELOPMENT PROJECTS UNDERWAY TOTALING $700 MILLION, AND 37 PROJECTS ANNOUNCED TOTALING $1.6 BILLION. 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. IN 2024, THE COMMERCIAL DOWNTOWN LOAN FUND PROVIDED A $575,000 LOAN FOR A NEW BOURBON EXPERIENCE ON WEST MAIN STREET. PARTNERING WITH LOUISVILLE METRO GOVERNMENT, DDC ALSO BEGAN ADVOCATING FOR ADDITIONAL DOLLARS IN DOWNTOWN PROJECTS AND A STATE CONSTITUTIONAL AMENDMENT TO EXPAND THE EXISTING TAX ABATEMENT PROGRAM FROM FIVE YEARS TO FIFTEEN YEARS.- 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 COMMUNITY DEVELOPMENT AND SOCIAL SERVICES DEPARTMENTS, LOUISVILLE ECONOMIC DEVELOPMENT ALLIANCE (LEDA), LOUISVILLE MEDICAL & EDUCATION DISTRICT (LOUMED), GREATER LOUISVILLE INC. (GLI), LOUISVILLE TOURISM, WATERFRONT DEVELOPMENT CORPORATION, LEADERSHIP LOUISVILLE, NULU BUSINESS ASSOCIATION (NBA), LOUISVILLE INDEPENDENT BUSINESS ALLIANCE (LIBA), INTERNATIONAL DOWNTOWN ASSOCIATION (IDA), AND MANY OTHERS.- 2024 GRANTS/ALLOCATIONS TO OTHERS: $3,125 TO GLI IN SUPPORT OF THE COMMUNITY MARKETING PROJECT. 641872 505872 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 2024, THESE PROJECTS AND INITIATIVES INCLUDED:- CITYSPOTS: CONCEPTUALIZED BY LEADERSHIP LOUISVILLE'S 2022 BINGHAM FELLOWS COHORT, CITYSPOTS ARE THE TRANSFORMATION OF UNDERUTILIZED OR FORGOTTEN PUBLIC SPACES INTO WELCOMING PLACES OF URBAN SURPRISE WHERE PEOPLE MEET, EAT, PLAY, OR RELAX, HELPING TO SPREAD VIBRANCY ACROSS DOWNTOWN. WITH THE FIRST TWO CITYSPOTS COMPLETED IN 2023, THIS YEAR DDC CONTINUED PLANNING AND DESIGN WORK FOR THE THIRD AND FOURTH LOCATIONS. THROUGH THE GENEROSITY OF JPMORGANCHASE AND OTHER SPONSORS, THE THIRD CITYSPOT, NEAR THE CORNER OF FOURTH AND JEFFERSON STREETS ADJACENT TO THE LOUISVILLE VISITORS CENTER, WILL BRING THE SPACE TO LIFE WITH COLORFUL WALL AND SIDEWALK MURALS, A PUBLIC PIANO, ADDITIONAL SEATING, AND FLOWERS. THE FOURTH CITYSPOT, SPONSORED BY PNC BANK, WILL BE LOCATED NEAR THE CORNER OF FIFTH AND MAIN STREETS. THIS WHIMSICAL INSTALLATION WILL FEATURE LARGER-THAN-LIFE SWING SETS FOR EVERYONE TO ENJOY. RIBBON CUTTINGS FOR THESE TWO NEW CITYSPOTS ARE PLANNED FOR THE SUMMER OF 2025.- 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 SERVICES SUPPLEMENTAL 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 2024, THE AMBASSADOR TEAM REMOVED APPROXIMATELY 134,600 POUNDS OF LITTER AND DEBRIS FROM THE SIDEWALKS AND ALLEYS, CLEANED UP MORE THAN 475 BIOHAZARDOUS MATERIALS, ABATED 1,137 GRAFFITI TAGS AND STICKERS, AND RECORDED MORE THAN 121,000 HOSPITALITY INTERACTIONS WITH GUESTS AND VISITORS. - 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 ADDRESS AREAS OF DOWNTOWN OUTSIDE OF THE BID, PUBLIC WORKS EXTENDED ITS CONTRACT WITH DDC FOR A FOURTH 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 APPROXIMATELY 14,200 POUNDS OF LITTER AND DEBRIS IN THESE LOCATIONS.- BEAUTIFICATION AND ART INITIATIVES: DDC CONSTANTLY FOCUSES ON EXPANDING PLACEMAKING PROGRAMS TO IMPROVE THE APPEARANCE AND APPEAL OF DOWNTOWN'S STREETS. A SIGNATURE INITIATIVE IN 2024 WAS THE LAUNCH OF A NEW SERIES OF TEMPORARY, ROTATING ART INSTALLATIONS IN PUBLIC SPACES ACROSS OUR DOWNTOWN CORE. DESIGNED AND CREATED BY AUSTIN-BASED LEMONDE STUDIO, THIS PROGRAM BRINGS A SERIES OF INTERACTIVE ART EXHIBITS TO NEW LOCATIONS EVERY SIX TO EIGHT WEEKS. IN PREPARATION FOR A NEW PUBLIC PIANO PROGRAM TO BE UNVEILED IN THE SPRING OF 2025, DDC PARTNERED WITH TWO DOWNTOWN SCHOOLS, THE J. GRAHAM BROWN SCHOOL AND FRANCIS PARKER SCHOOL OF LOUISVILLE, TO HAVE FOUR DONATED PIANOS PAINTED BY THEIR MIDDLE AND HIGH SCHOOL STUDENTS. CALLED "DOWNTOWN TUNES", THESE PIANOS WILL BE PLACED IN KEY OUTDOOR LOCATIONS AND ARE DESIGNED TO FOSTER SPONTANEOUS MUSICAL EXPRESSION, COMMUNITY CONNECTION, AND CREATIVE PLACEMAKING. IN 2024, DDC ALSO INTRODUCED A NEW "BUTT BIN" PROGRAM TO HELP REDUCE THE NUMBER OF CIGARETTE BUTTS DISCARDED ON DOWNTOWN'S STREETS AND SIDEWALKS WHILE ALSO RECYCLING THE FILTERS FOR NEW USES. BUSINESSES AND PROPERTY OWNERS CAN REQUEST A FREE BRANDED BIN TO BE POSITIONED IN HIGH-TRAFFIC SMOKING AREAS TO ENCOURAGE RESPONSIBLE DISPOSAL.- LIGHTING PROGRAMS: WITH PLANNING AND DESIGN COMPLETED BY DDC, LOUISVILLE METRO GOVERNMENT ALLOCATED $1.6 MILLION FOR THE INSTALLATION OF A NEW LED LIGHTING PROJECT UNDERNEATH THE I-65 OVERPASSES ON MAIN AND MARKET STREETS. THE NEW LIGHTING TRANSFORMS THE UNDERPASSES FROM THEIR FORMER STATES, WITH STANDARD-ISSUE WHITE LIGHTS, INTO INVITING COLORFUL DESTINATIONS AND NEW CONNECTION POINTS BETWEEN THE NULU DISTRICT AND THE CORE OF DOWNTOWN BY ELEVATING THE UNDERPASSES' AESTHETIC APPEAL AND CREATING BRIGHTER AND MORE ENGAGING SPACES FOR VISITORS. U.S. REPRESENTATIVE MORGAN MCGARVEY SECURED AN ADDITIONAL $1.6 MILLION FOR THE FUTURE EXPANSION OF THE PROGRAM TO INCLUDE TWO MORE UNDERPASSES. DDC ALSO COMPLETED PLANNING AND DESIGN WORK FOR A SERIES OF STRING LIGHT INSTALLATIONS IN ITS HISTORIC SHOPPING DISTRICT ALONG SOUTH FOURTH STREET.- WALKING TOUR PODCASTS: DDC LAUNCHED THE REPUBLIC BANK DOWNTOWN WALKING TOUR PODCASTS IN EARLY 2024 FEATURING THREE SERIES: THE HISTORIC WEST MAIN STREET TOUR, THE CIVIL RIGHTS MARKER TOUR, AND THE WHISKEY ROW TOUR. NARRATED BY PROMINENT LOUISVILLIANS, THE PODCASTS ARE AVAILABLE FOR FREE DOWNLOAD AND PROVIDE A NEW OPPORTUNITY TO FIND OUT HOW LOUISVILLE WAS SETTLED, HOW COMMERCE WAS DEVELOPED IN THE EARLY DAYS, AND HOW LOUISVILLE PLAYED A PART IN THE 1960S CIVIL RIGHTS MOVEMENT.- DERBY 150: THE KENTUCKY DERBY CELEBRATED ITS 150TH ANNIVERSARY ON THE FIRST SATURDAY OF MAY IN 2024. WHILE THE DOWNTOWN AMBASSADORS WORKED TO MAKE DOWNTOWN LOOK ITS BEST, DDC PARTNERED WITH CHURCHILL DOWNS TO HANG 500 "DERBY 150" POLE BANNERS ACROSS DOWNTOWN TO WELCOME GUESTS FROM ACROSS THE WORLD TO OUR CITY.- HOMELESSNESS ENGAGEMENT: ONE OF THE TRAGIC, LINGERING CONSEQUENCES OF THE PANDEMIC WAS A SIGNIFICANT INCREASE IN THE NUMBER OF PEOPLE EXPERIENCING HOMELESSNESS AND MENTAL CRISIS THROUGHOUT LOUISVILLE. DDC CONTINUES TO ENGAGE 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. OF PARTICULAR NOTE, 2024 WAS THE FIRST FULL YEAR THAT THE DISTRICT FIELDED ITS DEDICATED TEAM OF OUTREACH AMBASSADORS WHO WORK WITH THE MOST VULNERABLE PEOPLE IN OUR DOWNTOWN COMMUNITY. THESE AMBASSADORS SERVE AS A VITAL BRIDGE BETWEEN AVAILABLE SOCIAL SERVICES AND FACILITIES, DOWNTOWN'S STREET POPULATION, AND THOSE EXPERIENCING HOMELESSNESS. IN THIS FIRST FULL YEAR OF OPERATIONS, THE OUTREACH TEAM INITIATED 1,167 CONTACTS WITH PEOPLE IN NEED OF SUPPORT. AFTER BUILDING TRUSTING RELATIONSHIPS WITH THESE INDIVIDUALS, 97 INDIVIDUALS OR FAMILIES WERE SUCCESSFULLY CONNECTED WITH VITAL SERVICES RANGING FROM ADDICTION TREATMENT TO TRANSITIONAL AND PERMANENT HOUSING. - 2024 GRANTS/ALLOCATIONS TO OTHERS: $0 608043 75500 474264 ONE OF DDC'S CRITICAL FUNCTIONS IS TELLING DOWNTOWN'S STORY BY 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 2024:- DDC-HOSTED EVENTS: EACH YEAR, DDC HOSTS NUMEROUS EVENTS DESIGNED TO BRING MORE PEOPLE ONTO THE STREETS AND BACK DOWNTOWN, WHICH INCLUDED THE INAUGURAL DOWNTOWN PICKLEBALL STREET FEST AND THE REVIVAL OF DOWNTOWN HOMETOWN TOURISM WEEK IN 2024. IN PARTNERSHIP WITH GOODBOUNCE PICKLEBALL YARD, THE PICKLEBALL STREET FEST TOOK PLACE ON JEFFERSON STREET FEATURING PICKLEBALL EXHIBITIONS, TOURNAMENTS, OPEN PLAY, AN ARTISAN MARKETPLACE, MUSIC, AND FOOD TRUCKS. THE HOMETOWN TOURISM WEEK WAS A CELEBRATION OF OUR ATTRACTIONS AND DESTINATIONS ACROSS DOWNTOWN, OFFERING HALF-OFF ADMISSION TICKETS TO PARTICIPATING VENUES TO RESIDENTS OF GREATER LOUISVILLE AND SOUTHERN INDIANA. WITH THE ASSISTANCE OF LOUISVILLE TOURISM, HOTELS ALSO PARTICIPATED BY OFFERING DISCOUNTS AND PACKAGE DEALS FOR THE DURATION OF THE EVENT. PERENNIAL FAVORITES ALSO RETURNED, INCLUDING THE SECOND ANNUAL STEINS ON MAIN OKTOBERFEST, TWENTY-EIGHT FOOD TRUCK WEDNESDAYS, EIGHT DOWNTOWN DRIVE-IN FREE MOVIE SHOWINGS AT WATERFRONT PARK, SEVEN DOWNTOWN HAPPY HOUR EVENTS, THE DOWNTOWN SILENT DISCO, THE DOWNTOWN HOLIDAY MARKET, AND THE ANNUAL HOLIDAY DECORATING CONTEST FOR DOWNTOWN BUSINESSES AND PROPERTIES. CYCLOUVIA ALSO RETURNED DOWNTOWN FOR A THIRD YEAR, THIS TIME CLOSING SOUTH FOURTH STREET TO ALLOW PEOPLE TO BIKE, WALK, OR SKATE ON THE ROADWAY WHILE ENJOYING VENDORS AND ACTIVITIES ALONG THE WAY. OF PARTICULAR NOTE, 2024 WAS THE REVIVAL OF DDC'S STATE OF THE DOWNTOWN ADDRESS. PRESENTED BY THE REPUBLIC BANK FOUNDATION, THE EVENT WAS ATTENDED BY 400 DOWNTOWN ENTHUSIASTS AND FOCUSED ON THE OFFICIAL UNVEILING OF THE DOWNTOWN DEVELOPMENT STRATEGY, SETTING THE STAGE FOR THE NEXT TEN YEARS OF DOWNTOWN'S ECONOMIC GROWTH.- DDC SPONSORED EVENTS: IN ADDITION TO ITS HOSTED EVENTS, DDC PROVIDED FINANCIAL AND TECHNICAL SUPPORT TO BRING UNIQUE AND DIVERSE EVENTS IN AND AROUND DOWNTOWN THROUGHOUT THE YEAR. IN 2024, DDC PROVIDED A TOTAL OF $75,500 IN SPONSORSHIPS FOR EVENTS THAT ARE OPEN TO THE COMMUNITY AND HAVE LOW COST OR NO COST TO ATTEND. THESE EVENTS INCLUDED NULU BOCK FEST, CINCO DE MAYO FIESTA, MELANNAIRE MARKETPLACE'S ANCESTOR'S DREAM JUNETEENTH FESTIVAL, ASIAN NIGHT MARKET, LATIN MUSIC AWARDS, LIGHTS ON MAIN, NULUFEST, DIA DE LOS MUEROS EN EL CENTRO CELEBRATION, YOU DECIDE KENTUCKY, 502 BEER DAY, CANOPY'S GOOD BUSINESS SUMMIT, KEN CLAY AWARDS, LIPSTICK WARS: JUNETEENTH POETRY SLAM, MOVIE NIGHT AT THE YUM! CENTER, PRESLEY POST LEGACY WEEK, SKY SOUL FESTIVAL, WALKABLE LOUISVILLE, YPAL UNITY SUMMIT, AND LIGHT UP LOUISVILLE.- THE BAIRD URBAN SPORTS PARK: LOCATED IN A VACANT REDEVELOPMENT SITE ON HISTORIC WEST MAIN STREET, THE BAIRD URBAN SPORTS PARK FEATURES PICKLEBALL COURTS AND A WIFFLE BALL FIELD. THE PARK IS OPEN TO THE PUBLIC SIX DAYS A WEEK FOR PICK-UP GAMES AND IS ALSO AVAILABLE FOR USE AS A UNIQUE EVENT SITE IN THE HEART OF DOWNTOWN. IN 2024, THE PARK WELCOMED THE NATIONAL SOCIETY SONS OF THE AMERICAN REVOLUTION'S "FLAG DAY CELEBRATION", FOR THE PEOPLE'S "RHYTHM AND BLUES" EVENT, AND LOUISVILLE MAKES GAMES' "LOCAL GAME HARVEST".- BOURBON CITY: DDC WORKS CLOSELY WITH LOUISVILLE TOURISM AND THE KENTUCKY DISTILLERS' ASSOCIATION TO CONTINUE SUPPORTING THE BOURBON REVIVAL IN DOWNTOWN LOUISVILLE WHICH INCLUDED REBRANDING THE BOURBON DISTRICT AS BOURBON CITY. IN SUPPORT OF THE BRANDING INITIATIVE, DDC INSTALLED 75 NEW BOURBON CITY POLE BANNERS ON HISTORIC MAIN STREET. IN 2024, WE WELCOMED THREE NEW DISTILLERIES AND TASTING ROOMS TO THE NEIGHBORHOOD, INCLUDING BARDSTOWN BOURBON COMPANY, WHISKEY THIEF DISTILLING, AND MONK'S ROAD BOILER HOUSE. ANOTHER THREE VENUES ARE IN DEVELOPMENT FOR OPENINGS IN 2025.- DOWNTOWN MARKETING & COMMUNICATIONS: ONE OF DDC'S VITAL ROLES IS TO TELL THE STORY OF DOWNTOWN THROUGH DEVELOPING AND MAINTAINING ROBUST MARKETING AND COMMUNICATION STRATEGIES THAT SHARE THE STRENGTH AND NEWS ABOUT DOWNTOWN TO OUR CITY'S AND REGION'S RESIDENTS. THIS INCLUDES REGULAR NEWSLETTERS, PRESS RELEASES, ANNOUNCEMENTS, AND SOCIAL MEDIA UPDATES AIMED AT INFORMING AND CONNECTING THE DOWNTOWN AUDIENCE ABOUT DOWNTOWN'S POSITIVE MOMENTUM AND TO DELIVER IMPORTANT MESSAGING AND UPDATES ON DEVELOPMENT ACTIVITY, DOWNTOWN EVENTS, PUBLIC SPACE ACTIVATIONS, NEW PROJECTS AND BUSINESSES, AND CONSTRUCTION IMPACTS. IN 2024, DCC ALSO CREATED A NEW MONTHLY VIDEO SERIES, DOWNTOWN LOWDOWN, TO PROMOTE DOWNTOWN BUSINESSES, VENUES, AND ATTRACTIONS SHOWCASING ALL THAT DOWNTOWN HAS TO OFFER.- FRIENDS OF DOWNTOWN: THE FRIENDS OF DOWNTOWN IS A GRASSROOTS CAMPAIGN TO CONNECT WITH INDIVIDUALS WHO SUPPORT DOWNTOWN. FRIENDS CAN HELP ADD TO DOWNTOWN INITIATIVES AND ACTIVATIONS THROUGH DONATIONS TO DDC OR BY AMPLIFYING WHAT THEY LOVE ABOUT DOWNTOWN THROUGH SOCIAL MEDIA AND OTHER CHANNELS. FRIENDS ALSO HAVE ACCESS TO UNIQUE PERKS THAT INCLUDE SMALL GROUP WALKING TOURS AND BEHIND-THE-SCENES EXPERIENCES OF DOWNTOWN'S ATTRACTIONS AND VENUES. - 2024 GRANTS/ALLOCATIONS TO OTHERS: $75,500 IN SPONSORSHIPS FOR 24 UNIQUE AND DIVERSE EVENTS THROUGHOUT DOWNTOWN LOUISVILLE. 1585664 1 1 0 1 0 0 0 0 0 0 1 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 37 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 39 39 0 1 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 X REBECCA FLEISCHAKER COUCH EXECUTIVE DIRECTOR 40.00 X 0 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 JULIE BENTON DIRECTOR 0.10 X 0 0 0 DEBORAH A BILITSKI EX-OFFICIO 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 BENJAMIN DONLON 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 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, RESIGNED 2.26.24 0.10 X 0 0 0 MATTHEW A RICKETTS DIRECTOR 0.10 X 0 0 0 LAURIE ANNE ROBERTS EX-OFFICIO, RESIGNED 9.25.24 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, RESIGNED 6.30.24 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 0.50 X X 0 0 0 LANCE GILBERT VICE CHAIR/CHAIR ELECT 0.25 X X 0 0 0 RIGGS LEWIS VICE CHAIR 0.25 X X 0 0 0 CHRISTEN BOONE SECRETARY 0.25 X X 0 0 0 HAROLD WORKMAN TREASURER 0.25 X X 0 0 0 0 0 0 0 0 0 0 GLOBALMELK LLC 111 JOHN STREET SUITE 2650 NEW YORK NY 10038 PLANNING CONSULTANT 139724 1 500085 500085 LEASE REVENUE 531190 694964 694964 SERVICES FEE 531390 578660 578660 EVENT REVENUE 531390 32512 32512 ALL OTHER PROGRAM REVE 531390 9749 9749 1315885 37096 37096 1853066 1315885 0 37096 X 78625 78625 12619 12619 19920 19920 1021987 821411 185013 15563 40488 40488 34728 26238 4997 3493 26421 22190 4231 106389 78143 26228 2018 19751 19659 92 12686 11045 1641 30220 23265 6399 556 PROJECT EXPENSE 273335 273335 EVENT EXPENSE 191276 190643 333 300 MISCELLANEOUS 4419 622 3434 363 1872864 1585664 264907 22293 63927 76341 1341501 949870 15000 25361 56024 86464 100000 100000 44952 73987 105826 76939 41572 28887 226789 904335 904335 288008 198269 2855319 2670303 331768 244089 304528 228518 636296 472607 X 2045420 2117068 173603 80628 2219023 2197696 2855319 2670303 -19798 -1529 0 X 0 1 X 1 0 X 42187 1019643 411967 593000 500085 2566882 534664 1200878 1223206 1109240 1109240 5177228 576851 2220521 1635173 1702240 1609325 7744110 2000 1750 1000 6785 6590 18125 379070 125815 127002 631887 2000 1750 380070 132600 133592 650012 7094098 8362 2024 1216 11485 37096 60183 8362 2024 1216 11485 37096 60183 585213 2222545 1636389 1713725 1646421 7804293 0.90900 0.97250 0.00770 0.00840 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 329 0 0 329 0 PART II-B, LINE 1: LOBBYING TOOK PLACE AT BOTH LOCAL AND STATE LEVELS. STATE EFFORTS INCLUDED ADVOCATING FOR A CONSTITUTIONAL AMENDMENT WITH STATE LEGISLATORS. THE CONSTITUTIONAL AMENDMENT IS TO EXPAND AN EXISTING TAX ABATEMENT PROGRAM, TO CHANGE IT FROM 5 YEARS TO 15 YEARS. LOCAL EFFORTS INCLUDED REQUESTING FUNDING FOR CERTAIN INFRASTRUCTURE IMPROVEMENT PROJECTS IN DOWNTOWN LOUISVILLE. 2024 COMPENSATION: $259 2024 EXPENSES: $70 4022 1564 2458 6363 6363 0 95441 69012 26429 28887 DOWNTOWN COMMERCIAL LOAN FUND, LLC 504335 C DHA LOAN FUND 400000 C 904335 RIGHT OF USE ASSET 198269 198269 LEASE LIABILITY 228518 228518 X 1871537 -1529 20000 18471 1853066 0 1853066 1892864 20000 20000 1872864 0 1872864 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, 2024 AND 2023. 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, 2024 AND 2023, 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. 1 LOUISVILLE METRO GOVERNMENT SPECIAL EVENTS DEPARTMENT 410 S FIFTH STREET STE 323 LOUISVILLE KY 40202 320049006 LOUISVILLE METRO 25000 0 EVENT SPONSORSHIP (LIGHT UP LOUISVILLE) 1 PART I, LINE 2: THE ORGANIZATION REQUESTS FOLLOW UP REPORTING FROM GRANTEES TO ENSURE THAT FUNDS WERE USED FOR THEIR INTENDED PURPOSE. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS A MANAGEMENT AGREEMENT WITH LOUISVILLE DOWNTOWN MANAGEMENT DISTRICT ("LDMD") TO MANAGE LDMD'S OPERATIONS AND PROGRAMS, INCLUDING PERSONNEL, FOR WHICH LDMD PAYS A SERVICES FEE AS DEFINED IN THE AGREEMENT. THE MANAGEMENT AGREEMENT WILL EXPIRE IN DECEMBER 2027. THE SERVICES FEES WERE $459,240 FOR BOTH YEARS ENDED DECEMBER 31, 2024 AND 2023, AND ACCOUNTED FOR APPROXIMATELY 25% AND 24% OF TOTAL REVENUES, RESPECTIVELY. EFFECTIVE SEPTEMBER 1, 2023, THE AGREEMENT WAS AMENDED WITH THE PURPOSE OF TRANSFERRING THE ORGANIZATION'S EMPLOYEES TO NOW BE EMPLOYEES OF LDMD. UNDER THE AMENDED AGREEMENT FOR 2024, THE ORGANIZATION TRANSFERRED TO LDMD ALL PAYROLL RELATED EXPENSES AND BENEFIT ADMINISTRATION, THESE COSTS TOTALED $763,364 AND $155,553 FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023, RESPECTIVELY, AND ARE PRESENTED AS CONTRACTED SUPPORT SERVICES ON THE STATEMENT OF FUNCTIONAL EXPENSES. AS OF THE YEARS ENDED DECEMBER 31, 2024 AND 2023, THE ORGANIZATION HAD A NET PAYABLE DUE TO LDMD OF $150,061 AND $189,367, RESPECTIVELY. IN ADDITION, THE ORGANIZATION SUBLEASES OFFICE SPACE TO LDMD. TOTAL RENTAL INCOME FROM LDMD AMOUNTED TO $44,694 AND $32,400 FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023, RESPECTIVELY. 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 572,523. MANAGEMENT AND GENERAL EXPENSES 175,574. FUNDRAISING EXPENSES 15,267. TOTAL EXPENSES 763,364. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 65,361. MANAGEMENT AND GENERAL EXPENSES 9,439. FUNDRAISING EXPENSES 296. TOTAL EXPENSES 75,096. CONSULTING FEES: PROGRAM SERVICE EXPENSES 74,107. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 74,107. SERVICE CONTRACTS: PROGRAM SERVICE EXPENSES 109,420. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 109,420. LOUISVILLE DOWNTOWN SUPPORT SERVICES LLC 500 W JEFFERSON SUITE 1210 LOUISVILLE KY 40202 812249331 SUPPORT SERVICES KY 116 500 DOWNTOWN DEVELOPMENT CORPORATION DOWNTOWN COMMERCIAL LOAN FUND LLC 500 W JEFFERSON ST STE 1210 LOUISVILLE KY 40202 454917253 COMMERCIAL LENDING KY RELATED 9009 568905 0 0 0.14450 DOWNTOWN HOUSING ASSISTANCE LOAN FUND DHA LLC 500 W JEFFERSON ST STE 1210 LOUISVILLE KY 40202 611386502 COMMERCIAL LENDING KY RELATED 26408 1047432 0 0 0.15380 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0