SteelStacks Project Receives Major National Grant
The SteelStacks project is a step closer to reaching its goal for its capital campaign as it just received a prestigious grant from the national Kresge Foundation. But the grant comes with one catch: the funding must be matched.
The Morning Call reports:
The Kresge Challenge Grant is an “all-or-nothing” challenge that gives ArtsQuest the $900,000 so long as it raises the other $900,000 from private donors by Dec. 31.
“This historic award is a national endorsement of ArtsQuest and its work to revitalize and stimulate communities with arts, culture and educational experiences,” said Diane Dalto, chair of the Pennsylvania Council on the Arts.
“Imagine coming up with $26 million in this economy,” ArtsQuest President Jeff Parks said in a prepared statement thanking the foundation for the grant. “It’s nothing short of miraculous.”
While Jeff Parks considers it close to a miracle, for me, it’s fairly clear why this project has had so much success in raising the needed funds — it’s going to further reinvigorate the entire Lehigh Valley community (new music venues, new gathering place) as well as effectively redevelop a brownfield site. Can’t wait to read more about this success story.