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The Port of San Diego is pushing forward with its plan to install decorative lighting along the Coronado Bay Bridge, turning to The San Diego Foundation for assistance in managing fundraising for the project, expected to cost between $6 million and $8 million.
The Port approved $75,000 in seed money in November to begin the outreach process to find donors to fund the project, which will place LED lights along the bridge that will be programmable to change colors based on time of day, traffic, and seasonal holidays. According to Tanya Castaneda at the Port, about $50,000 of the money will go toward hiring a professional fundraising consultant, the remainder will be deposited with the Foundation.
In the works since 2008, the Port and Caltrans began with the selection of British artist Peter Fink and his FoRM Associates to head up design and budget for the project.
“We expect to begin fundraising early in the new year,” says Castaneda, noting that harboring the funds with the Foundation will both add visibility to the project and give donors the ability to donate to a tax-deductible 501(c)3 organization. The Foundation, she says, will provide “passive fund administration,” and will not be directly involved in soliciting donations.
The next step for the project is conducting a feasibility study, which will cost about $750,000 and address environmental and other impacts. Once that money is available, a withdrawal from the fund will be made to begin the process.
The Port of San Diego is pushing forward with its plan to install decorative lighting along the Coronado Bay Bridge, turning to The San Diego Foundation for assistance in managing fundraising for the project, expected to cost between $6 million and $8 million.
The Port approved $75,000 in seed money in November to begin the outreach process to find donors to fund the project, which will place LED lights along the bridge that will be programmable to change colors based on time of day, traffic, and seasonal holidays. According to Tanya Castaneda at the Port, about $50,000 of the money will go toward hiring a professional fundraising consultant, the remainder will be deposited with the Foundation.
In the works since 2008, the Port and Caltrans began with the selection of British artist Peter Fink and his FoRM Associates to head up design and budget for the project.
“We expect to begin fundraising early in the new year,” says Castaneda, noting that harboring the funds with the Foundation will both add visibility to the project and give donors the ability to donate to a tax-deductible 501(c)3 organization. The Foundation, she says, will provide “passive fund administration,” and will not be directly involved in soliciting donations.
The next step for the project is conducting a feasibility study, which will cost about $750,000 and address environmental and other impacts. Once that money is available, a withdrawal from the fund will be made to begin the process.