Masters 2020: Augusta National, others making $10M investment in two Augusta neighborhoods
AUGUSTA, Ga. (WRDW/WAGT) - Augusta National Golf Club Chairman Fred Ridley announced during his remarks on Tuesday morning that the club and several corporate donors are making a $10 million bet on two Augusta neighborhoods.
“Each organization’s $2.5 million contributions will provide the majority of funding needed for this first step in the journey to uplift these underserved communities and, importantly, to promote generational change and the opportunity for economic mobility all Americans deserve," Ridley said.
Ridley said the club, AT&T, Bank of America, and IBM are all partnering on this investment in the Laney Walker and Harrisburg neighborhoods.
“What once were thriving communities, Harrisburg and Laney Walker have experienced decades of disinvestment, poverty, crime, and unemployment,” Ridley said.
“All Americans deserve this shared belief with our partners will attract even greater development and investment, designed to benefit the residents of the Harrisburg and Laney Walker neighborhoods, all of which can help build bridges out of poverty and make Augusta, Georgia, an even better place to live," he continued.
The investment appears to be going to two projects in the area: a community center and a new headquarters for the Boys and Girls Club.
The community center, ANGC officials say, will provide a space for healthcare, literacy, educational support, food and nutrition, and more.
“And we are hopeful in April and beyond that, we can continue to talk about this and make announcements as to more progress to really transform this community. It really could be generational for this city,” Ridley said.
The Boys and Girls Club facility, meanwhile, will allow for much-needed facilities to serve youth in the Augusta community and will help the organization collaborate with other groups in the surrounding area with similar missions.
“So I think the real potential of this opportunity is in the area of a multi-hundred-million-dollar investment. Now, that’s going to require participation by the federal government, and we have made applications for Choice Neighborhood grants, which requires a number of pre-conditions,” Ridley said.
It’s a long term investment, with plans to create momentum and attention for more growth in this area.
“As our excitement for this initiative grows, please know we cannot wait to find other meaningful ways to support our community,” Ridley said.
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