Committed Funds for MacMillan Pier Project


Sources of Funds Committed Percent
Community Development Action Grant $1,700,000 10.2%
Economic Development Administration $1,500,000 9.0%
EOTC: Ferries and Terminals, PWED $2,500,000 15.0%
Sea Port Bond Authorization $7,500,000 44.9%
Debt from Town (@ 4.5%; 40 year term) $2,800,000 16.7%
EOTC Ferries and Terminals (Design Phase Only) $300,000 1.8%
Debt from Town (Design Phase Only) $118,000 0.7%
Total Committed
$16,418,000 98.3%