88 percent of pledges for Beaver Dam community center collected
Most of the money donated to the Watermark in Beaver Dam is accounted for with about 88 percent of the money pledged already collected.
According to a report form the city’s finance department, the Watermark received 236 donations pledges totaling $1.14 million to the community center on Center Street. Of that amount., $1.01 million has been paid, according to the report, with $137,200 in donations still outstanding.
Out of that, about $70,450 might not be collectible. The reasons a pledge might not be collectible include a business that went out of operation, a business that does not intend to make good on the pledge and an individual who died.
There are five businesses and four people who made $91,500 in pledges having paid out $21,050. The remaining $70,450 might not come through. One business in particular still has $55,000 outstanding out of a $75,000 pledge. The remaining amounts outstanding from other people and businesses rang from $500-$2,500.
Further information about who the businesses and individuals are was unavailable.
The Watermark opened in 2016, in the former Fullerton Lumber building, after a years-long process of raising money and revising the project to make it into a reality.
The facility came together after the fundraising drive raised $1 million and the city received a grant and put together a funding plan to put the dollars over the edge to complete it after the project was down-scaled. Construction began in summer 2015.
Everything was kick started by an anonymous $300,000 donation to improve the old senior center on Third Street, which was replaced by the Watermark. The former senior center has been removed and the site is now part of a city parking lot.