Bank of America Awards $750,000 to Advance Hemisfair Redevelopment
February 12 2020 - 2:52PM
Business Wire
Grant Represents Largest Corporate Gift and
Launches New Phase of Completion for Hemisfair District
Revitalization
The Hemisfair Conservancy and Bank of America, together with San
Antonio Mayor Ron Nirenberg and former U.S. Secretary of Housing
and Urban Development Henry Cisneros, today announced the largest
grant at Hemisfair to date.
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Kusch House Development. Photo courtesy
of Hemisfair.
The $750,000 grant from the Bank of America Charitable
Foundation will complete the rehabilitation of the Kusch House —
one of 21 remaining historic homes in Hemisfair that will be leased
to small businesses to draw visitors to the park by providing
amenities such as local cafés, restaurants and bookstores.
The economic stimulus from these activities helps revitalize the
local community, and revenue generated by leasing the house will
provide financial sustainability for Hemisfair, helping it become
an urban park district for residents and visitors to enjoy.
“The neighborhood that existed here before the World’s Fair is a
piece of the fabric that has shaped San Antonio for generations,
and I’m encouraged to see Bank of America helping bring it back to
life through investment in historic preservation efforts at
Hemisfair,” Mayor Nirenberg said. “Residents and visitors alike
will be able to witness the impact of Bank of America’s gift in
action through the small business that moves into the Kusch House
after its transformation.”
John Kusch, a stonemason, is believed to have constructed the
19th-century Gothic Revival house in 1885. City historical records
indicate the house was owned by a member of the Kusch family until
the ’68 World’s Fair.
“Hemisfair is a social and economic anchor in San Antonio that
will serve as a catalyst for small business growth, and is expected
to create more than 2,000 jobs and contribute $400 million to San
Antonio’s economy annually,” said Jessica Miller, San Antonio
market president for Bank of America. “Our philanthropic investment
acknowledges the important role Hemisfair plays and demonstrates
our commitment to economic mobility.”
This funding from Bank of America is the largest Anchor Grant
the company has made in Texas as part of its focus on advancing
economic mobility by supporting nonprofit organizations serving
education and workforce, community development and basic needs.
“We can’t thank Bank of America enough for recognizing the
community impact of Hemisfair’s aspirational vision, and for
selecting us for this incredible grant,” said Anne Krause,
executive director of the Hemisfair Conservancy. “The historic
Kusch House is at the center of it all at Hemisfair, and this gift
will have a multi-generational effect. We’re thrilled to recognize
this generous contribution with the Bank of America Promenade.”
During Wednesday’s celebration, Hemisfair unveiled the Bank of
America Promenade with a sign recognizing the bank’s contribution
to the park. Participants were treated to a guided tour of the
Kusch House, which will now begin rehabilitation and renovations to
accommodate a park-activating small business.
About Hemisfair The Hemisfair Park Area Redevelopment
Corporation (HPARC) was created by City Council in 2009 to
redevelop the former site of the 1968 World’s Fair in San Antonio,
Texas. HPARC is dedicated to the transformation of Hemisfair into a
sustainable, self-funded urban district with residences, local
businesses, unique programming and three parks—Yanaguana Garden,
Civic Park (Phase II) and Tower Park (Phase III). Hemisfair is
where San Antonio meets: it is a vibrant gathering place for a day
with friends and the city’s biggest celebrations. HPARC is a
501(c)3 local government corporation, supported in part by the
Hemisfair Conservancy, an independent 501(c)3. For more
information, visit hemisfair.org and follow @hemisfair.
Bank of America Bank of America is one of the world’s leading
financial institutions, serving individual consumers, small and
middle-market businesses and large corporations with a full range
of banking, investing, asset management and other financial and
risk management products and services. The company provides
unmatched convenience in the United States, serving approximately
66 million consumer and small business clients with approximately
4,300 retail financial centers, including approximately 2,800
lending centers, 2,600 financial centers with a Consumer Investment
Financial Solutions Advisor and 2,000 business centers;
approximately 16,800 ATMs; and award-winning digital banking with
approximately 38 million active users, including approximately 29
million mobile users. Bank of America is a global leader in wealth
management, corporate and investment banking and trading across a
broad range of asset classes, serving corporations, governments,
institutions and individuals around the world. Bank of America
offers industry-leading support to approximately 3 million small
business owners through a suite of innovative, easy-to-use online
products and services. The company serves clients through
operations across the United States, its territories and
approximately 35 countries. Bank of America Corporation stock
(NYSE: BAC) is listed on the New York Stock Exchange.
For more Bank of America news, including dividend announcements
and other important information, visit the Bank of America newsroom
and register for news email alerts.
www.bankofamerica.com
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version on businesswire.com: https://www.businesswire.com/news/home/20200212005797/en/
Reporters May Contact: Thea Setterbo, Hemisfair, 830.992.1003
thea.setterbo@hemisfair.org Britney Sheehan, Bank of America,
425.533.4531 britney.w.sheehan@bofa.com
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