State of the District 2023

Page 1

WHO ARE WE BOARD of Directors

*Josh Choi Winterbloom Chair

*Michael Pennink

Property Owner & Resident Vice Chair

*John Malzone Malzone Marketing Treasurer

*Anna Hodges-Smith Hodges and Associates

At-large

*Denise Strother

ERA Strother

At-Large

*Ebony War eld-Graham Park Fayetteville

At-Large

Staff

Bianca Shoneman

President & CEO

Ashanti Bennett

In the past year, we've witnessed remarkable underscored the vibrancy and resilience of our arts and entertainment district. From captivating performances to engaging festivities, our collective e orts have ignited imaginations, sparked dialogue, and fostered

Looking ahead, we remain steadfast in our commitment to cultivating a dynamic and inclusive cultural ecosystem that celebrates diversity, and fosters collaboration. With a renewed sense of purpose and determination, we are excited to embark on new initiatives, forge meaningful partnerships, and engage with our community in innovative ways that will shape the future of our

district for generations to come.

To our dedicated volunteers, passionate artists, generous sponsors, and supportive patrons, we extend our heartfelt gratitude for your unwavering commitment to our shared vision. It is through your collective e orts and unwavering support that we continue to thrive and make a meaningful di erence in the lives of individuals and communities.

ank you for your continued support and enthusiasm as we embark on this journey together.

As we re ect on our past accomplishments and look forward to the opportunities that lie ahead, let us remain united in our dedication to fostering a vibrant and inclusive arts and entertainment district that inspires, empowers, and enriches us all.

4.1 Million Visits 2023 31 Food & Beverage Locations 18 Patio Seating 4132 3 Higher Most Vacancy Rate 4.9% (Down 10% from 2013) 25 Museums, Galleries, Venues, Arts Groups 500 Residents 2.1 MIllion GSF Building Stock

In the past few years, there's been a surge in investment in the Arts and Entertainment District. From 2017 to 2023, we've seen 40 new businesses and over 1 million square feet of new construction or adapted reuse space revitalized. is endeavor re ects an impressive aggregate investment of over $460 million from both public and private sectors. Furthermore, the market sale price over the span of a decade soared by 26%, con rming

1,066,400 GSF of new or adaptive reuse construction between 2017-2023 Between 2014- 2024: 10 year market sale price increased by

net gain 40 new
2017-2023
26% from $103 GSF to $140 SF
businesses

Development Pipeline

Placemaking, events & Activations

At CSDD, we rarely work alone; partnerships are the key to our success. CSDD has been able to provide opportunities to many emerging and professional artists – bringing even more awareness to the ourishing arts and entertainment district that stands out in our region.

In 2017, CSDD hosted just four events with an estimated attendance of 2,100. In 2023, we hosted over 45 events with an estimated attendance impact of 108,000 people. In 2023, the District welcomed 4.1 million visits.

Augmented Reality: NovaBaby New Holiday Décor: City of Fayetteville, Mosca Designs Holiday Alley: Staff driven Love Where You Live Engagement Board: Staff driven Architectural Mapping: Robin Vuccnich
108,000 57,000 21,000 VISITS VISITORS AVERAGE DWELL TIME VISITS YO3Y 2020 2021 2022 2023 3,155,285 536,393 133 -27.90% 4,087,919 684,602 142 -18.00% 4,087,919 684,602 142 -18.00% 4,116,254 787,536 119 30.50% Downtown Visitations

As is similar to many growing and evolving commercial districts, con icts and challenges must be addressed. CSDD has responded to these issues. An example includes how CSDD responded to complaints about the District’s lack of a coordinated waste management plan. In 2017, CSDD launched a dumpster and recycling program, installing two 8-foot dumpsters in the parking lot of the Arts Council. In September of 2019, CSDD expanded the program, installing a Vert-I-Pack trash compactor and a cardboard recycling center in the Donaldson Lot. Today, this program helps 20-plus businesses.

50 hours per week on patrol 7 day a week operation 75 safety escorts
pots
Planted 500 plants in planter beds & Hurley Daily litter patrol Regular watering and fertilizing of planters and Hurley pots Painted all Hurley pots in Downtown Fayetteville
52 Weeks 145,600 lbs. 52 Weeks 500 lbs. 52 Weeks 124,800 lbs.
Unhoused assistance; connecting people to resources

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