The 10th annual Captainâ€™s Cup Regatta, held at the Herreshoff Marine Museum on Saturday, May 11.
By Lindsay Lorenz PBN Staff Writer
BRISTOL â€“ After raising $1.7 million in gifts and pledges during a weekend auction, Roger Williams University has announced plans to build a new waterfront sailing center on its Bristol campus.
During Saturdayâ€™s 10th annual Captainâ€™s Cup Regatta, held at the Herreshoff Marine Museum, Richard L. Bready, chairman of the universityâ€™s board of trustees, donated $1 million to the effort during a live auction. After Breadyâ€™s donation, a $500,000 pledge from a sailing family from Florida followed, in addition to a $100,000 gift from an anonymous donor who phoned in the donation. These gifts were followed by multiple, smaller gifts from the 200 people in attendance.
The university, which hopes to break ground on the sailing center in March, estimates the project will cost $3 million. Combining a previously raised $393,000 with Saturdayâ€™s donations, so far the university has raised about $2.1 million.
â€śOur objective is to raise the entire $3 million cost of the building through philanthropy, and on Saturday we witnessed an outpouring of support unlike anything I have seen at RWU,â€ť said RWU President Donald J. Farish. â€śDonors clearly share our view that the Sailing Center has transformative potential for a waterfront school.â€ť
Upon completion, the sailing center will offer a 6,000-square-foot home for the universityâ€™s sailing team, which achieved the No. 1 national ranking for the first time in May 2011 and has held the top spot intermittently since then.
The center will provide boat storage, team offices, locker rooms and a repair shop, in addition to community space that can be used to host events.
ACTWO Architects of Wayland, Mass., is leading design efforts for the Sailing Center.