Downtown: Location of Choice for Living 13. Message from the President 2. Downtown: Location of Choice for Business 7

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2 Alliance for Downtown New York 2008 Message from the President 2 Downtown: Location of Choice for Business 7 Downtown: Location of Choice for Living 13 Downtown: Location of Choice for Recreation 17 Downtown: Looking to the Future 19 Financial Summary 21 Board of Directors 25 Staff 27

3 A message from the Chairman and the President The Downtown Alliance takes tremendous pride in Lower Manhattan s heritage. Around every corner and behind every doorway stands some tangible reminder of a rich and colorful history that dates back to our nation s founding. Stroll the narrow streets near the New York Stock Exchange, and you will see the very site where George Washington took the oath of office as America s first president. Walk along the waterfront, where the great expanse of New York Harbor unfolds, and it is easy to picture tall clipper ships sailing into the world s busiest port. Gaze at the Statue of Liberty and you are reminded of the first glimpse of opportunity that greeted millions of Americans. Home to the original Dutch settlers and the nation s first capital, Lower Manhattan was the birthplace of New York. But ours is not a historic district frozen in time. Innovation is written into Downtown s DNA. Time and again, our neighborhood has blazed new trails in commerce, in financial markets, in architecture. Today, Lower Manhattan is experiencing another renaissance. The rebuilding is not just restoring things to their old order it is re-imagining the very concept of what a global business district can and should be. Downtown is once again on the cutting edge. In addition to rebuilding the World Trade Center site, we are upgrading an entire mass transit system. Several of the world s most forward-thinking architects are transforming our skyline, and Downtown is attracting worldwide notice for its achievements in green design. The Downtown Alliance opened its doors in 1995 with the mission of enhancing Lower Manhattan s role as an international center of commerce. Today, that effort is bearing fruit. Several longtime anchor businesses are expanding their presences, while an extraordinary resurgence in commercial leasing has brought a new infusion of high-tech firms, non-profits, media companies, and ad agencies, too. This diversification not only safeguards Downtown s status as the world s premier financial center; it throws wide the door to any and every kind of business. Drawn by Lower Manhattan s sense of possibility, tens of thousands of residents have put down roots here in recent years. New parks, gardens and playing fields not to mention a magnificent waterfront add immeasurably to the quality of life. The arts are flourishing like never before, and every month sees the opening of exciting new restaurants and retail shops. Thousands of hotel rooms are being added to meet visitor demand. This wave of progress has been accompanied by growing pains, as workers and residents cope with unprecedented levels of construction. In these extraordinary circumstances, the Downtown Alliance continues its ongoing work to minimize the difficulties. The challenge now is to make daily life easier while opening the door to our vision for the future. For Downtown has finally become a 24/7 district where people can work, live, play, and thrive. Robert R. Douglass, Chairman Elizabeth H. Berger, President 2 3

4 4 Business L or sit amet, consectetuer adipiscing elit, ed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Ut wisi enim ad minim veniam, quis nostrud exerci tation ullamcorper suscipit lobortis nisl ut aliquip ex ea commodo consequat. Duis autem vel eum iriure dolor in hendrerit in vulputate velit esse molestie consequat, vel illum dolo eu feugiat nulla facilisis at vero eros et accumsan et iusto odio dignissim qui blan praesent luptatm quis nostrud exerci tation ullamaugue duis ina dolore te feugait nulla facilisi. Lormipm tincidunt ut laoreet dolore magna aliquam erat volutpat. Ut wisi enim ad. Lorm ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy. Magna aliquam erat volutpat. Ut wisi enim ad. Duis autem vel eum iriure dolor in hendrerit in vulputate velit esse molestie consequat, vel illum dolo eu feugiat nulla facilisis at vero eros et accumsan et iusto odio dignissim qui blan praesent luptatm quis nostrud exerci tation hendrerit in vulputate velit esse. Consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Ut wisi enim ad minim veniam, quis nostrud exerci tation ullamcorper suscipit 5

5 lobortis nisl ut aliquip ex ea commodo consequat. Duis autem vel eum iriure dolor in hendret in. Mulurs velit esse molestie consequat, vel illum dolore eu feugiat nulla facilisis at vero eros et accumsan. Ut wisi enim ad minim veniam, quis nostrud exerci tation ullamcorper suscipit lobortis nisl ut aliquip ex ea commodo consequat. Duis autem vel eum iriure dolor in hendret in. Mulurs velit esse molestie consequat, vel illum dolore eu feugiat nulla facilisis at vero eros et accumsan et iusto odio dignissim qui blandit. Mulurs velit esse molestie consequat. Consectetuer adipiscing elit, ed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Ut wisi enim ad minim veniam, quis nostrud exerci tation ullamcorper suscipit lobortis nisl ut aliquip ex ea commodo consequat. Duis autem vel eum iriure dolor in hendrerit in vulputate velit esse molestie consequat, vel illum dolo eu feugiat nulla facilisis at vero eros et accumsan et iusto odio. Quis nostrud exerci tation ullamaugue duis ina dolore te feugait nulla facilisi. Ut wisi enim ad minim veniam, quis nostrud exerci tation. Vel illum dolo eu feugiat nulla facilisis at vero. Vel illum dolo eu feugiat nulla facilisis at vero eros et accumsan consectetuer adipiscing elit. Iriure dolor in hendrerit in vulputate velit esse molestie consequat, vel illum dolo eu feugiat nulla facilisis at vero eros et accumsan et iusto odio dignissim qui blan praesent luptatm quis nostrud exerci tation ullamaugue duis ina dolore. 6 7

6 Living M euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Ut wisi enim ad minim veniam, quis nostrud exerci tation ullamcorper suscipit lobortis nisl ut aliquip ex ea commodo consequat. Duis autem vel eum iriure dolor in hendrerit in vulputate velit esse molestie consequat, vel illum dolo eu feugiat nulla facilisis at vero eros et accumsan et iusto odio dignissim qui blan praesent luptatm quis nostrud exerci tation ullamaugue duis ina dolore te feugait nulla facilisi. Residential Buildings Lormipm tincidunt ut laoreet dolore magna aliquam erat volutpat. Ut wisi enim ad. Lorm ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy. Magna aliquam erat volutpat. Ut wisi enim ad. Duis autem vel eum iriure dolor in hendrerit in vulputate velit esse molestie consequat, vel illum dolo eu feugiat nulla facilisis at vero eros et accumsan et iusto odio dignissim qui blan praesent luptatm quis nostrud exerci tation hendrerit in vulputate velit esse. Consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Ut wisi enim ad minim veniam, quis nostrud exerci tation ullamcorper suscipit lobortis nisl ut aliquip ex ea commodo consequat. 8 9

7 Shopping & Dining Duis autem vel eum iriure dolor in hendret in. Mulurs velit esse molestie consequat, vel illum dolore eu feugiat nulla facilisis at vero eros et accumsan. Ut wisi enim ad minim veniam, quis nostrud exerci. Consectetuer adipiscing elit, ed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Ut wisi enim ad minim aliquip ex ea commodo consequat. Duis autem vel eum iriure dolor in hendrerit in vulputate velit esse molestie consequat, vel illum dolo eu feugiat nulla facilisis at vero eros et accumsan et iusto odio. Clean & Safe Ut wisi enim ad minim veniam, quis nostrud exerci tation ullamcorper suscipit lobortis nisl ut aliquip ex ea commodo consequat. Duis autem vel eum iriure dolor in hendret in. Mulurs velit esse molestie consequat, vel illum dolore eu feugiat nulla facilisis at vero eros et accumsan et iusto odio dignissim qui blandit. Transportation Convenience Consectetuer adipiscing elit, ed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Ut wisi enim ad minim veniam, quis nostrud exerci tation ullamcorper suscipit lobortis nisl ut aliquip ex ea commodo consequat. Duis autem vel eum iriure dolor in hendrerit in vulputate velit esse molestie consequat, vel illum dolo eu feugiat nulla facilisis at vero eros et accumsan et iusto odio. Odio dignissim qui blan praesent luptatm quis nostrud exerci tation ullamaugue duis ina dolore magna aliquam erat volutpat ad minim

8 Recreation M euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Ut wisi enim ad minim veniam, quis nostrud exerci tation ullamcorper suscipit lobortis nisl ut aliquip ex ea commodo consequat. Duis autem vel eum iriure dolor in hendrerit in vulputate velit esse molestie consequat, vel illum dolo eu feugiat nulla facilisis at vero eros et accumsan et iusto odio dignissim qui blan praesent luptatm quis nostrud exerci tation ullamaugue duis ina dolore te feugait nulla facilisi. Plazas, Waterfronts, and Parks Lormipm tincidunt ut laoreet dolore magna aliquam erat volutpat. Ut wisi enim ad. Lorm ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy. Magna aliquam erat volutpat. Ut wisi enim ad. Duis autem vel eum iriure dolor in hendrerit in vulputate velit esse et accumsan et iusto odio dignissim qui blan praesent luptatm quis nostrud exerci tation hendrerit in vulputate velit esse. Events Consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Ut wisi enim ad minim veniam, quis nostrud exerci tation ullamcorper suscipit lobortis nisl ut aliquip ex ea commodo consequat

9 Kiosks Duis autem vel eum iriure dolor in hendret in. Mulurs velit esse molestie consequat, vel illum dolore eu feugiat nulla facilisis at vero eros et accumsan. Ut wisi enim ad minim veniam, quis nostrud exerci. Consectetuer adipiscing elit, ed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Ut wisi enim ad minim aliquip ex ea commodo consequat. Duis autem vel eum iriure dolor in hendrerit in vulputate velit esse molestie consequat, vel illum dolo eu feugiat nulla facilisis at vero eros et accumsan et iusto. Hotels Ut wisi enim ad minim veniam, quis nostrud exerci tation ullamcorper suscipit lobortis nisl ut aliquip ex ea commodo consequat. Duis autem vel eum iriure dolor in hendret in. Mulurs velit esse molestie consequat, vel illum dolore eu feugiat nulla facilisis at vero eros et accumsan et iusto odio dignissim qui blandit. Museums Consectetuer adipiscing elit, ed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Ut wisi enim ad minim veniam, quis nostrud exerci tation ullamcorper suscipit lobortis nisl ut aliquip ex ea commodo consequat. Duis autem vel eum iriure dolor in hendrerit in vulputate velit esse molestie consequat, vel illum dolo eu feugiat nulla facilisis at vero eros et accumsan et iusto odio. Odio dignissim qui blan praesent luptatm quis nostrud exerci tation ullamaugue duis ina dolore

10 16 Looking Toward the Future N or sit amet, consectetuer adipiscing elit, ed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Ut wisi enim ad minim veniam, quis nostrud exerci tation ullamcorper suscipit lobortis nisl ut aliquip ex ea commodo consequat. Duis autem vel eum iriure dolor in hendrerit in vulputate velit esse molestie consequat, vel illum dolo eu feugiat nulla facilisis at vero eros et accumsan et iusto odio dignissim qui blan praesent luptatm quis nostrud exerci tation ullamaugue duis ina dolore te feugait nulla facilisi. Lormipm tincidunt ut laoreet dolore magna aliquam erat volutpat. Ut wisi enim ad. Lorm ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy. Magna aliquam erat volutpat. Ut wisi enim ad. Duis autem vel eum iriure dolor in hendrerit in vulputate velit esse molestie consequat, vel illum dolo eu feugiat nulla facilisis at vero eros et accumsan et iusto odio dignissim qui blan praesent luptatm quis nostrud exerci tation hendrerit in vulputate velit esse. Consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Ut wisi enim ad minim veniam, quis nostrud exerci tation ullamcorper suscipit

11 lobortis nisl ut aliquip ex ea commodo consequat. Duis autem vel eum iriure dolor in hendret in. Mulurs velit esse molestie consequat, vel illum dolore eu feugiat nulla facilisis at vero eros et accumsan. Ut wisi enim ad minim veniam, quis nostrud exerci tation ullamcorper suscipit lobortis nisl ut aliquip ex ea commodo consequat. Duis autem vel eum iriure dolor in hendret in. Mulurs velit esse molestie consequat, vel illum dolore eu feugiat nulla facilisis at vero eros et accumsan et iusto odio dignissim qui blandit. Mulurs velit esse molestie consequat. Consectetuer adipiscing elit, ed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Ut wisi enim ad minim veniam, quis nostrud exerci tation ullamcorper suscipit lobortis nisl ut aliquip ex ea commodo consequat. Duis autem vel eum iriure dolor in hendrerit in vulputate velit esse molestie consequat, vel illum dolo eu feugiat nulla facilisis at vero eros et accumsan et iusto odio. Quis nostrud exerci tation ullamaugue duis ina dolore te feugait nulla facilisi. Ut wisi enim ad minim veniam, quis nostrud exerci tation. Vel illum dolo eu feugiat nulla facilisis at vero. Vel illum dolo eu feugiat nulla facilisis at vero eros et accumsan consectetuer adipiscing elit. Iriure dolor in hendrerit in vulputate velit esse molestie consequat, vel illum dolo eu feugiat nulla facilisis at vero eros et accumsan et iusto odio dignissim qui blan praesent luptatm quis nostrud exerci tation ullamaugue duis ina dolore. 19