Who’s paying what for the new park on Block 5 in the South Park blocks

Given the difficulty I’ve experienced trying to find out who pays/paid what for improvements in South Waterfront, I’m going to post information about who’s paying what for other projects as they’re approved and the numbers are readily available. That should make it easier to compare final reports with initial estimates, after completion of projects.

Today: Who’s paying what for the new park on Block 5 in the South Park blocks. The construction contract is on the City Council’s Agenda on Wednesday. It says:

Total Construction costs: $ 4,500,000 (estimated “with a Confidence Level Rating of Low” – insert your own snide comment here).

Total Project cost: $6,000,000
Source: Portland Parks & Recreation – doesn’t specify where the other $1.5 million comes from or what it will be/was spent on

$1,575,000 – Portland Parks Foundation (private donation from an anonymous donor)
$1,225,000 – Portland Development Commission (Urban Renewal Area tax increment funds)
$1,000,000 – Moyer Family Trust
$700,000 – City (through the Mayor’s 2007/2008 annual budget)

The project may include an underground parking structure under the park on the surface.