The H.A. and Mary K. Chapman Charitable Foundations are donating $10 million to A Gathering Place for Tulsa, officials announced Wednesday.
As part of their agreement with the George Kaiser Family Foundation, which is constructing the park along Riverside Drive, the Chapman Foundations’ names will be placed on the park’s Adventure Playground.
“We are excited to partner in constructing A Gathering Place for Tulsa,” Jerry Dickman, co-trustee of the Chapman Foundations, said in a statement. “This is an opportunity to move Tulsa in continued progress and growth.
“A Gathering Place for Tulsa will enhance the civic environment for Tulsa citizens, families and visitors, a purpose the Chapman Foundations consistently support.”
The Kaiser Foundation has now announced $48.5 million in donations to the park.
In addition to the Chapman Foundations donation, the Gathering Place has received $12.5 million from QuikTrip; $10 million from ONEOK Inc.; and $16 million from Williams Cos. Inc.
Jeff Stava, project manager for the Gathering Place, said the Kaiser Foundation is grateful to the Chapman Foundations and all donors who have stepped up to help fund the project.
“Together, we will develop A Gathering Place for Tulsa that will become a ‘Central Park’ for all Tulsans, serve this great city for generations to come, and make Tulsa an even better place to live, work and play,” Stava said in a statement.
The first phase of the Gathering Place, which is being funded by the Kaiser Foundation and other private donors, will be constructed from 24th to 31st streets on the east side of Riverside Drive, and from 24th Street to 33rd Place along the west side.
Construction is to begin in mid-2014 and be completed in late 2016 or mid-2017.
Phase I of the park is estimated to cost $300 million, including $50 million to purchase the land. The Kaiser Foundation bought the acreage and has committed another $150 million toward construction of the park.
Approximately $35 million in public dollars will be invested in infrastructure related to the project.
The foundation is raising $125 million to $150 million in private dollars to help complete construction of Phase 1 and provide seed money for an operating, maintenance and programming endowment.