Business First of Louisville reports that the hotel will be owned by the Waltons, Steve Wilson and Laura Lee Brown--the owners of 21C, and and Bentonville Revitalization Inc., a nonprofit organization dedicated to the preservation of the city's historic structures. Poe Cos will use sustainable building materials and incorporate "green" design practices to create the hotel. The building is being designed by Deborah Berke & Partners LLP, who designed the Louisville 21c hotel in conjunction with Polk Stanley Wilcox architecture firm.
Filed under: Big Givers
The company won't seek a tax deduction for the gift and intends to increase its annual giving to 3 billion pounds of food over the next few years.
Their donation this year is the equivalent of 70 million meals, at a time when food banks have reported a 20% increase in demand.
And Wal-Mart isn't just providing food. Because it's donated protein and produce, unlike the canned goods and bags of rice you expect at the local food bank, Wal-Mart has also donated $2.5 million to buy freezer trucks and help prepare for new food storage challenges.
It's a nice start to the season of giving.