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NASHVILLE AREA CHAMBER OF COMMERCE

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Title: NASHVILLE AREA CHAMBER OF COMMERCE


1
WELCOME NASHVILLE AREA CHAMBER OF COMMERCE
CONVENTION VISITORS BUREAU
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THE MUNICIPAL AUDITORIUM
  • Opened in 1908 for the Democratic National
    Convention
  • Several configurations
  • Arena
  • Theater
  • Opera house

5
ELLIE CAULKINS OPERA HOUSE
6
CURRIGAN EXHIBITION HALL
  • Opened 1969
  • 12 day opening gala featuring the Denver Symphony
    Orchestra and Jack Benny
  • Pedestrian bridge built to open theaters meeting
    rooms for CEH
  • 11,450,000 bond approved 1964

7
CURRIGAN HALL TRADE SHOW - 1971
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COLORADO CONVENTION CENTER
  • ULI hired to inspect local site and recommend -
    Location, Location, Location
  • 1 million gross square feet
  • Construction funding 126.3 million
  • 292,000 sq ft of exhibit space
  • Opened June 15, 1990

9
COLORADO CONVENTION CENTER
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COLORADO CONVENTION CENTEREXPANSION
  • 1996 Colorado Convention Center expansion talks
    begun
  • 1997 DMCVB commissioned study
  • CCC very successful turning away millions of
    dollars worth of business
  • 1999 Voters approved expansion
  • 2000 Currigan Hall demolished
  • April 2002 Groundbreaking

11
DOUBLE THE SPACE
New
Existing
New
Existing
New
Existing
12
COLORADO CONVENTION CENTER
  • 2,500,000 gsf
  • 584,000 exhibit space
  • 1,000 space parking Garage
  • 63 meeting rooms
  • w/ 100,000 gsf
  • 50,000 Ballroom
  • 35,000 Ballroom
  • 6 Lobbies 125,000 gsf
  • 5,000 seat Theater

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CONTIGUIOUS EXHIBIT SPACE
  • 584,000 sq. ft. exhibit space all on one level

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MEETING ROOMS
  • 18 meeting rooms were added giving the Colorado
    Convention Center a grand total of 63 meeting
    rooms all on one level A main corridor for
    traffic.

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BALLROOMS
  • A 50,000 sq. ft. ballroom divisible into 18
    rooms, was added to compliment our existing
    35,000 sq. ft. ballroom

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WELLS FARGO THEATRE
  • A 5,000-fixed seat lecture hall was added which
    is divisible into three sections

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EVENTS
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REVENUE / EXPENSE TRENDS
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  • Total funding with project interest 308,234,249
  • Combination of variable and fixed rate bonds with
    20 and 25 year final maturity
  • Original center bond payment would be retired in
    9 years (2014) but refinanced in 2005

23
  • In 2006, the bond payments of 24.4 million for
    the original convention center and expansion were
    paid for by visitor taxes
  • A surplus of more than 17 million went to Citys
    General Fund
  • The Centers 2006 operating deficit was less than
    1 million

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Opened December 2005
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  • Tax exempt revenue bonds issued by Hotel
    Authority in June 2003
  • Approximate 4.6 rate, 100 financing, 30 year
    term
  • Not a debt of City or charge against its credit
  • Hotel Authority has no taxing power and
    reimbursed City for pre-issuance costs

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  • More than 150 million of new economic impact
    each year from expansion
  • 2 billion in definite bookings for future years
  • Lodgers tax growth 28 million in 1998 to 53
    million in 2007
  • Visitors help pay State and City taxes, SCFD, RTD
    and Stadium bonds

27
Total Public Investment 881 million Public
Investment is now generating major private
investment 781 million
Slide courtesy of Downtown Denver Business
Improvement District, ArtHouse Design, Studio
Insite, Klipp, City County of Denver and
Felsburg, Holt Ullevig
28
NEW HOTEL DEVELOPMENTS
PROJECT COMPLETION The Residence Inn Hotel
2006 The Curtis Hotel 2006 Hilton Garden
Inn Hotel 2007 Adams Mark Hotel Sale
2007 Ritz Carlton Hotel 2007 Four Seasons
Hotel Tower 2010 Embassy Suites Hotel
2010
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  • Accessibility
  • Facilities
  • Affordability
  • Safety
  • Service
  • AndDESTINATION APPEAL

30
TOURISM THE SECOND LARGEST INDUSTRY IN DENVER
  • Denver welcomed 12.2 million overnight visitors
    in 2007, up from 10.4 million in 2005
  • These Denver visitors generated 2.9 billion in
    spending

Source Longwoods International Study 2007
31
TOURISM AMONG COLORADOS LARGEST INDUSTRIES
  • Colorado welcomed 28 million domestic U.S.
    visitors on overnight trips in 2007
  • Tourism contributed more than 9.8 billion in
    2007 to the states economy
  • Without tourism tax revenue, it is estimated that
    each resident would have had to pay 140 in
    additional state taxes

Source Longwoods International, Colorado Travel
Years Study 2007
32
MAJOR INFRASTRUCTURE DEVELOPMENTS
  • Dick's Sporting Goods Park 2007
  • FasTracks Light Rail 2007 2014
  • Hyatt Denver Convention Center Hotel 2005
  • Colorado Convention Center 1990 2004
  • Universal Lending Pavilion 2002
  • INVESCO Field at Mile High 2001
  • Pepsi Center 1999
  • Denver International Airport 1997
  • Coors Field 1995

33
DENVERS LOVE FOR THE ARTS IS REFLECTED IN ITS
VOTING HISTORY
1988 Denver voters create Scientific and
Cultural Facilities District (SCFD) to provide a
consistent source of unrestricted funding
toscientific and cultural organizations through
0.1 retail salesand use tax 1991 City
ordinance sets aside 1 of development costs to
createpublic art in new buildings 1994 Voters
reauthorize SCFD tax for 10 additional years 1999
- Denver voters pass 62.5 million bond issue
for new wing of Denver Art Museum 2002 - Voters
approve 25 million general obligation bond issue
to funda portion of Newton Auditorium renovation
( 66 voted to support) 2004 Voters
reauthorize SCFD tax for 10 additional years 2007
Voter approve Cultural Facilities Bond
Initiatives
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CULTURAL RENAISSANCE
  • Clifford Still Museum 2010
  • Denver Contemporary Art Museum 2007
  • Denver Art Museum Hamilton Wing 2006
  • Denver Zoo Expansion (phase 1) 2004
  • Cherry Creek Arts Festival 2001
  • Ocean Journey Aquarium 1999
  • Denver Public Library 1996
  • Six Flags at Elitch Gardens 1995
  • Performing Arts Complex 1980
  • Ellie Caulkins Opera House 2005
  • Buell Theatre 1998
  • Boettcher Concert Hall TBD

35
THE THEATRE DISTRICT
  • Enhance Denver through public art investment and
    city and regional promotion
  • Bring in local, regional and national companies
    to support and promote the district through
    signage, events and activation
  • Music Concerts
  • Art Festivals
  • Cultural Events
  • Public Art and Galleries
  • Outdoor Films
  • Public/Private Venues

36
THE DENVER PERFORMING ARTS COMPLEX
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THE ELLIE CAULKINS OPERA HOUSE AT THE NEWTON
AUDITORIUM
  • The 2,225-seat Ellie Caulkins Opera House opened
    in 2005 after a voter-approved 93 million
    renovation
  • A state-of-the-art lyric opera house, the Ellie
    attracts the worlds top artists and provides a
    first-class patron experience

38
THE BUELL THEATRE
  • Opened in 1991with a sell-out, 10-week engagement
    of The Phantom of the Opera
  • Houses national Broadway touring productions for
    multiple-week engagements and one-night
    presentations
  • At over 2,800 seats, the Buell is the largest
    DPAC venue

39
BOETTCHER CONCERT HALL
  • Built in 1978 as the nations first symphony hall
    in the round, designed to place the audience
    close to the stage
  • With more than 2,600 seats, primary home of the
    Colorado Symphony Orchestra
  • In 2007, voters approved 90 million renovation
    and expansion of Boettcher Concert Hall

40
RED ROCKS AMPHITHEATRE 9,000 Seats
41
DENVER HOSTED MANY SUCCESSFUL EVENTS
  • 2003 U.S. Conference of Mayors 1999 National
    Conference of Black Mayors
  • 2002 International Chamber of Commerce World
    Congress 1997 National Black Chamber of
    Commerce
  • 1997 Summit of The Eight World Leaders
  • 1993 Pope's World Youth Day
  • Sporting Events
  • 2007 MLS All-Star Game
  • 2006 Lacrosse All-Star Game
  • 2005 NBA All-Star Game
  • 2001 NHL All-Star Game
  • 1998 MLB All-Star Game
  • 1990 NCAA Final Four
  • Championship Wins
  • 1998 1999 Super Bowl 1996 2001 Stanley Cup

42
OTHER MAJOR EVENTS
  • NCAA Frozen Four Hockey (2008)
  • Medal of Honor Society (2008)
  • National Performing Arts Conference (2008)
  • American Association of Museums (2008)
  • Denvers 150th Year Anniversary (2008)
  • Democratic National Convention (2008)
  • U.S. Hispanic Chamber of Commerce (2009)
  • SportAccord (2009)

43
  • THANK YOU
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