The Louisville Urban League got a major boost in its fundraising efforts to build a track and field complex on the West End, as the Gheens Foundation has made a $1 million donation, Urban League President Sadiqa Reynolds told Insider Thursday.
With the donation, the Urban League has now raised $18.6 million, putting them over halfway to their goal of $35 million to fully fund the construction of the complex. Their goal is to have that money raised by Sept. 30. Reynolds has said ever since the goal was announced that it wouldn’t be easy.
“You’re supposed to set stretch goals, that makes everyone work harder,” Reynolds told Insider. She added that she’s not concerned with the amount raised.
“We don’t need people to reassess goals right now, we’re good,” she said.
Reynolds also said that the land will be cleaned up and the outdoor track will be finished by next year.
The Urban League has sold the naming rights to 54 of the complex’s 4,000 seats, they told Insider on Wednesday. That equals out to $270,000 from naming rights donations.
At the start of the seat naming campaign, which has been dubbed the #RunWithUs campaign, the Urban League’s goal was to raise $20 million by allowing donors to put their name or their company’s name on one of the facility’s $5,000 per seat.
The complex will be housed near 30th and West Market streets, and would primarily house track and field events, as the Urban League would look to bring in USA Track and Field events, NCAA events and high school events. But it would also play host to conferences and other events that need a venue that size.
The Urban League has also released updated renderings of the facility, which can be seen below.
The Urban League wants to meet its fundraising goal by Sept. 30 in order to take advantage of New Market Tax Credit allocations, and to close on financing in October, Director of Investment Christine Shadle told Insider previously.