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BNSF and KeyBank lead Foss Waterway Seaport second phase

Post by C.R. Roberts / The News Tribune on April 27, 2007 at 2:29 pm with No Comments »
April 27, 2007 2:29 pm

The Foss Waterway Seaport has received a $50,000 grant from the Burlington Northern Santa Fe (BNSF) Foundation and $25,000 from KeyBank in support of the Seaport’s waterfront education, cultural and activity center.

These grants kick off the second phase of the Seaport’s capital campaign that has a goal of raising $5 million in cash and pledges by the end of 2008. This follows a first phase effort that raised $3.7 million.

KeyBank’s contribution is the first major support for the Seaport from a major financial institution. The bank’s gift will be used to support the Seaport’s Balfour Boatworks, a boatbuilding shop that will feature a workforce development program.

The contribution from BNSF is especially notable given that the centerpiece of the Seaport project is the Balfour Dock Building constructed nearly a century ago by the Northern Pacific Railroad, a predecessor to the BNSF.

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