$3 million gift funds Meadows expansion at Kent County's Millennium Park
Peter Secchia mlive.com
Patrick Center July 2, 2014 | WGVU Ambassador Peter Secchia has been one of the driving forces behind the development of Kent County’s Millennium Park. The public-private partnership dates back to 1999 when he chaired the Secchi Millennium commission that would work toward raising $20 million creating one nation’s largest urban parks.
Now Secchia will make a $3 million gift toward developing the Meadows at Millennium Park.
“This will be across from the park’s recreation core. There’ll be large open shelters, some parking, rest rooms, open areas of green space that include a natural sloping area that can serve as an amphitheater for schools and community recitals and overlook some trails and some other natural features.”
To make it work, Kent County Administrator and Controller, Daryle Delabio explains the county will issue about $3 million in bonds and the county will pay interst on them over the next five years.
“And then at the end of five years the Secchia family will be paying the county for those bonds. So we will in effect be paying about $200,000 or there a bouts, $215,000 in interest payment on the bonds but we’re leveraging that for a $3 million donation to the park.”
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