By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > Investing > Melinda French Gates, Mackenzie Scott, Barry Diller and Diane von Furstenberg Combine Forces to Restore Seattle’s Waterfront
Investing

Melinda French Gates, Mackenzie Scott, Barry Diller and Diane von Furstenberg Combine Forces to Restore Seattle’s Waterfront

News Room
Last updated: 2023/08/29 at 5:07 AM
By News Room
Share
5 Min Read
SHARE

Melinda French Gates, Mackenzie Scott,
Barry Diller
and Diane von Furstenberg, and the Seattle-based
Expedia Group
—where Diller is chairman and senior executive—are donating an estimated US$45 million to the city of Seattle to improve parks and public spaces along the waterfront. 

The Elliott Bay Connections project—which builds on “Waterfront Seattle,” a multi-year US$781 million investment the city is making through 2025—will restore and revitalize public parks ahead of Seattle’s turn as one of the host locations for the 2026 FIFA World Cup, the global soccer tournament. 

The project, which will not involve any additional costs to the public or taxpayers, was announced last week by Seattle Mayor
Bruce Harrell
and Sam Cho, president of the Port of Seattle Commission, along with French Gates and other officials from the city and private associations. 

In addition to funding Elliott Bay Connections, Scott is providing an unrestricted US$10 million grant to the Friends of Waterfront Seattle, which is raising US$200 million to construct a new Waterfront Park by 2025. The Bill & Melinda Gates Foundation is providing a US$10 million challenge grant to the effort as an incentive to encourage additional giving. 

“Mayor Harrell and city partners were enthusiastic about the project as it will strengthen connections with downtown neighborhoods and the waterfront, building on the decades-long efforts to reconnect the city with the waterfront so that residents, workers, and visitors can experience the natural beauty of the region,” Callie Craighead, a spokesperson for the mayor’s office said in a statement. 

The public-private approach is consistent with the mayor’s “vision of collaboration and partnerships to unite around shared goals and priorities”—which he calls One Seattle—and for ambitious, visionary civic projects, Craighead said. 

Elliott Bay Connections includes a greenway that will be three-quarters of a mile long on the waterfront with 2.5 acres of new public space, the news release said. Native trees, shrubs, and ground coverings will be planted, and existing infrastructure, such as sidewalks, crossings, and signage, will be improved. An old trolley track and sidewalk on the city’s Alaskan Way will be reconfigured into a two-way multi-use path for cyclists, pedestrians, and people in wheelchairs.

The combined Waterfront Park and Elliot Bay Connection projects will total 50 acres of public space running nearly 3.5 miles, the release said.

“Having lived in Seattle for more than three decades, I know we thrive on being so close to nature,” French Gates said in the release. “Public parks connect us to green space and water, but they also connect us to each other. This network of waterfront parks will be a shared space for everyone and bring our city together.”

Revitalizing public spaces is nothing new to Diller and von Furstenberg, who, through the Diller–von Furstenberg Family Foundation, donated US$35 million to the restoration of the High Line into a public park on former raised-railroad tracks in Manhattan, according to 2011 statement from Friends of the High Line. The couple also gave US$260 million through their foundation to build Little Island as a public park over what once was the city’s Pier 54, according to published reports. The Seattle project is also a foundation gift. 

The donations will cover the estimated cost of planning, permitting, design, and construction, the mayor’s statement said. No further funds are needed. Specifics on the amount each donor will give to the project, or on how much has been donated so far, is unavailable. 

Seattle is among 16 host cities for the 2026 FIFA World Cup, which will be played across North America, from Canada to Mexico. In the U.S., San Francisco and Los Angeles are also hosting games for the Western Division.

Read the full article here

News Room August 29, 2023 August 29, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
The power crunch threatening America’s AI ambitions

Many utility companies are pinning their short-term hopes on “demand response” solutions…

Elon Musk asks Tesla investors to approve $1T pay package, rising oil prices pressure bonds

Watch full video on YouTube

Why beef prices are out of control in the U.S.

Watch full video on YouTube

Yahoo Finance: Market Coverage, Stocks, & Business News

Watch full video on YouTube

How A Million Miles Of Undersea Cables Power The Internet — And Now AI

Watch full video on YouTube

- Advertisement -
Ad imageAd image

You Might Also Like

Investing

Nursing Home Stocks Could Suffer from this Medicaid Spending Remedy

By News Room
Investing

Bitcoin Drops Below $90,000 Again. What Could Move It Next.

By News Room
Investing

These Stocks Are Moving the Most Today: Marvell, Nvidia, Broadcom, GM, Tesla, MongoDB, Burlington, and More

By News Room
Investing

Nvidia Stock Falls as Marvell Earnings Compound AI Gloom. The Rising Risks for Chips.

By News Room
Investing

This analyst says Tesla deliveries will be 16% below expectations. Musk is part of the problem.

By News Room
Investing

BP CEO was awarded no bonus pay from oil giant’s financial performance

By News Room
Investing

Shares of Starlink’s European competitor have tripled. CEO says it can do the job in Ukraine.

By News Room
Investing

GE Vernova Stock Rises as Analyst Flips to Upgrade After Rating Cut

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?