Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON, DC-Groundbreaking for the Martin Luther King Jr. Memorial here was attended by some 5,000 people, including President George Bush and former President Bill Clinton, on a rainy Monday morning. The memorial will be located at a prime spot on the Mall, a four-acre site next to the Roosevelt Memorial that is part of the line of sight from the Lincoln Memorial and Tidal Basin. The site location is also symbolic as it is near the Lincoln Memorial where King gave his “I Have a Dream” speech.

The Memorial’s design is centered around a figure of King in a landscape of boulders, water, hedges and trees. Other elements of the Memorial, including niches carved in some of the boulders, have been incorporated to acknowledge contributions other civil rights leaders have made to the movement. San Francisco-based ROMA Design Group is the designer.

Construction has been estimated to be $100 million. Thus far only $70 million has been raised from public and private sources. The rest is expected to come from private sector sources, particularly corporations. In September, FedEx donated $1 million to the project.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.