The Detroit Riverfront Conservancy has been awarded a $2 million grant over five years from the McGregor Fund toward development of the Detroit RiverWalk, said conservancy President and CEO Faye Nelson.
McGregor Fund President C. David Campbell said his board has approved the grant—to be paid out in five payments of $400,000 each from years 2003 through 2007—because the project will make the riverfront attractive and accessible for residents and visitors.
"The fact that the visioning process, and now the Riverfront Conservancy, includes a broad constituency of individuals and groups will help assure that it will be an asset for the entire region," Campbell said in a statement.
The riverfront plan calls for more than $500 million worth of public and private improvements along the Detroit River, in a three mile stretch from the Ambassador Bridge, which links Detroit to Windsor, Ontario, Canada, to the MacArthur Bridge, which links the mainland to Belle Isle in the river.
To date, the conservancy has raised more than $67.5 million toward a $75 million goal. The biggest contribution is a $50 million pledge by the Kresge Foundation—to be donated if the conservancy reaches its goals in attracting private investment. Detroit Renaissance Inc. has pledged $12 million toward the project.
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