WHAT IS THE COST OF THE PROJECT?
The overall project budget has been established in the amount of $832,000. The budget for the monumental sculptures will be in the amount of $730,000. Funds in the amount of $32,000 will establish the Gateway Participation Plan. The construction of the small replica sculptures has been donated at a cost of $30,000. The sculpted art is in the amount of $20,000 and will be installed at the entrance to the Gateway Plaza of the Riverwalk. A Stewardship Fund in the amount of $50,000 is for annual maintenance.
|PROJECT BUDGET SUMMARY:|
|Project Component:||Amount:||Funds Raised||Remaining|
|Public Participation Plan||$||32,000||$||32,000||$||0|
|Replica Sculptures in Downtown||$||20,000||$||In-Kind||$||20,000|
|Total Project Costs||$||832,000||$||637,000||$||195,000|
WHAT IS THE TIMEFRAME FOR THE PROJECT?
- Start Fundraising December 2017
- Design/Construction Documents April 2019
- End Fund Raising March 2020
- Fabrication Installation (Phase 1 East) August 2019
- Fabrication Installation (Phase 2 West) April 2020
- Grand Opening Celebration June 2020
WHAT IS A STEWARDSHIP FUND?
The City has a strong desire to demonstrate stewardship for the longevity of Art in Public Places. The maintenance and upkeep of public art in the past has fallen short of expectation of the community. Community and art leaders feel strongly that this particular project should establish a dedicated fund limited to and for any maintenance related items such as graffiti removal, cleaning and repairs as needed in the future. The addition of lighting was an important project scope item which also will need to be paid for and repaired or replaced at times. Like all public art this project and its monumental presence is a showcase as a gateway to our community and region which will require it to be properly maintained for lifetime.