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MONEY MATTERS

Phase one total cost: $40 million

$30 million for park development

$8 million for design/engineering/environmental and all outside consultant support

$2 million for project management/planning/administrative support

90% of the cost for phase one was funded from private sources, including foundations, philanthropists, businesses, and Friends of The Bay. The city of Sarasota contributed $3 million. The project also received small government grants totaling about $1 million.

Phase two estimated cost: $65 million

$48 million will come from a TIF-backed city bond; $17 million from government grants.

■ Among the largest donors are The Patterson Foundation, Charles and Margery Barancik Foundation, Gulf Coast Community Foundation, Community Foundation of Sarasota County and the William G and Marie Selby Foundation. Among the larger business donors are Michael Saunders and Co. and the Sarasota Bay Club.

■ 100 individuals and family foundations have donated $5,000 or more.

■ More than 100 businesses have donated.

BAY WATCH

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2023-05-04T07:00:00.0000000Z

2023-05-04T07:00:00.0000000Z

http://yourobserver.pressreader.com/article/283098483411313

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