Brown Foundation Announces Major Donation to Phase III of Waterfront Park
Wednesday August 18, 2004
The James Graham Brown Foundation has approved a gift of $3.5 million to Phase III of Louisville Waterfront Park, payable in December 2004.
This announcement marks the foundation’s third major gift to Waterfront Park. Phase III will cost approximately $21 million and will add 13 acres, for a total of 85 acres of riverfront parkland in the heart of downtown Louisville. Construction will begin on Phase III in November 2004. The James Graham Brown Foundation has long been a strong supporter of the waterfront project, and was a major contributor to the first two phases, which were completed in July 1999 and June 2004. Phase III will link Phases I and II, and will include the Big Four Bridge as a pedestrian connection across the Ohio River to Southern Indiana; a grassy mound with a spiral walkway to connect to the bridge; a plaza area with swings; and additional lawn and picnic areas, walkways, tree groves, parking, and restrooms. Waterfront Park has been a popular community asset, enjoying more than 1.5 million visits annually for concerts, special events, school field trips, and day-to-day use.
The James Graham Brown Foundation, Inc. was established under a trust agreement in 1943 and formally incorporated in 1954. James Graham Brown was a lumberman, horseman, and entrepreneur with the majority of his wealth being made in the timber industry. He died in 1969 with no heirs leaving the bulk of his estate to the Foundation. The mission of the James Graham Brown Foundation is to foster the well-being, quality of life and image of Louisville and Kentucky. They do this by actively supporting and funding projects in the fields of civic affairs, economic development, education, and health and general welfare.