The Economic Times

In 2016, a Florida foundation backed a 53-acre waterfront park. Nine years later, its $10 million investment had helped catalyze $50 million in private donations

The Bay Sarasota: A former parking lot along Sarasota Bay is being transformed into a 53-acre public park, with a $10 million contribution from The Patterson Foundation helping catalyze $50 million in private donations. The first 10 acres are open, more than 1.2 million visits have been recorded, and construction continues on the next phase.