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Sarasota Bayfront 20:20
Sarasota Wednesday, Jul. 20, 2016 5 years ago

Patterson Foundation makes donation to bayfront planning effort

The Patterson Foundation is giving $300,000 to Sarasota Bayfront 20:20, which is embarking on a $2.5 million fundraising campaign to create a new planning organization tasked with steering the future of city-owned land.
by: David Conway Deputy Managing Editor

As Sarasota Bayfront 20:20 works to create a planning organization to lead the redevelopment of 42 acres of city-owned land near the Van Wezel Performing Arts Hall, the Patterson Foundation has committed $300,000 to the cause.

The Patterson Foundation announced its three-tier contribution in a release today. In addition to an initial $100,000 donation, the foundation will give an additional $100,000 when the public has raised $1 million and $2.4 million for the bayfront planning effort.

“As citizens of this community, we realize the planning phase will be critical to the success of this multi-faceted journey, and our goal is to accelerate the solid steps that have already been taken,” Patterson Foundation President and CEO Debra Jacobs said in the release.

Sarasota Bayfront 20:20 is working to raise $2.5 million to fund a new planning group, which will be tasked with creating a master plan for the city-owned land. Although the members of the planning group are still to be determined, Bayfront 20:20 leader Michael Klauber hopes to have specifics finalized by September.

The Patterson Foundation, along with five other Sarasota community foundations, have assisted Bayfront 20:20 as the group attempts to establish the planning organization.

At a June meeting, Klauber said he hoped the planning organization could complete its master planning work within 18 months.

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