Loggerhead Marinelife Center Waves of Progress expansion campaign gains additional momentum with Northern Trust financing

Loggerhead Marinelife Center Waves of Progress expansion campaign gains additional momentum with Northern Trust financing

Loggerhead Marinelife Center’s groundbreaking ceremony on April 3, 2019. Photo Credit: Tracey Benson Photography.

In late November 2019, Loggerhead Marinelife Center
(LMC) entered into a financial services agreement with Northern Trust as its
bond-based financial services provider for the Center’s Waves of Progress
capital expansion. While fundraising continues for the expansion, the financial
partnership also supported by the Town of Juno Beach will allow the Center to
take advantage of exceptional financing during the construction phase.

The Center’s unique portfolio continues to enjoy
explosive growth and influence in Florida and internationally. The 27,000
square-foot extension will:

  • Double the sea turtle patient capacity and add additional advanced equipment
  • Deploy a state-of-the-art clean water hospital filtration system
  • Significantly expand the research laboratory
  • Offer six-times the amount of interactive STEAM educational spaces
  • Launch informative and educational clean water ecosystem exhibits
  • Deploy new large-scale meeting spaces for global collaborators and symposiums

The Center increased the campaign’s original goal from
$14 million to $20 million to implement a pumping and advanced water filtration
system, to ensure a safe recovery of its sea turtle patients regardless of
local water quality conditions. The Center has raised over 65 percent of the
campaign’s total goal of twenty million dollars in less than three years.

“It is an honor to have Northern Trust as our
campaign’s financial partner,” said Jack E. Lighton, LMC President and CEO. “Northern
Trust’s innovative portfolio of services and exceptional local market knowledge
is critical as we pioneer such a momentous turning point in our Center’s
history. As the world rallies around conservation and sustainability, our
partnership with Northern Trust will enable us to expand our state-of-the-art
education and conservation portfolio at a rapid pace, increasing ocean and sea
turtle conservation worldwide.”

“Loggerhead Marinelife Center is an iconic landmark
that draws national and international attention to the importance of our oceans
and sea turtle conservation,” said Daryn M Kirchfeld, Senior Managing Director
of Northern Trust. “We look forward to working with Loggerhead Marinelife
Center as they continue to grow, educate and positively impact our ocean
ecosystem.”

The Waves of Progressexpansion
campaign launched in 2017 after the Center’s record-breaking year of welcoming
more than 350,000 guests. The facility is one of the most esteemed, cultural
destinations in Palm Beach County. The Center offers free admission and is
committed to removing financial barriers to learning. Lighton remarked, “Our
mantra is, the sea turtle tells us the
health of the ocean, and the ocean tells us the health of our planet.
We continue to discover scientifically-based
and emotional connections to our work. We invite the community to join our
campaign, so together, we can monumentally increase our impact here in Florida
and around our planet.”

Help the Center make Waves of Progress!
Visit LMC’s website
and make your mark on the expansion by exploring naming opportunities.

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