WHAT IS THE COST OF THE PROJECT?
The overall project budget has been established in the amount of $800,000. The budget for the sculptures has been determined to be in the amount of $600,000. A Maintenance Fund in the amount of $100,000 to support the stewardship of the sculptures is envisioned as a necessity for annual maintenance. Funds in the amount of $50,000 will be needed to establish the on-line Gateway to Creativity and Innovation Program. A reduced replica of the sculpture estimated to be in the amount of $50,000 will be installed in a public space in the Downtown for the public to be able to access the story of the art and further recognize the donors and contributors. The fundraising campaign started in 2017 with a $130,000 contribution made by the City of Pueblo for 1% for art of the cost of the bridge construction. A generous donation of $300,000 from the Robert Hoag Rawlings Foundation was announced in 2018. An additional donation of $50,000 from the Garone-Nicksich Foundation followed at the end of the year. To date the total amount of funds raised is $480,000 leaving $120,000 needed to fund the sculptures and $200,000 to fund the remained of the project. The initial funds will be used to administer the project and provide matching funds for corporate donations and grants.
PROJECT BUDGET SUMMARY:
Stewardship Fund $100,000
On-line Gateway to Creativity Program $50,000
Replica Sculptures in Downtown $ 50,000
Total Project costs: $800,000
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.
WHAT ARE THE NEXT STEPS AND THE TIME FRAME FOR THE PROJECT?
Next Steps: Time Frame:
- Start Fundraising December 2017
- Design/Construction Documents October 2018 to January 2019
- Fabrication Installation March 2019 to November 2019
- End Fund Raising December 2019
- Grand Opening Celebration March 2020