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Interesting article about raising funds to repair a street clock in Portland, Maine
While $6500 may very well provide restoration, it leaves no money for continued maintenance which is vitally important. The Portland Rotary club is broad minded in establishing a fund that, properly invested, could provide continuous care for the clock.
To often, civic groups have given a "facelift" to publicly owned clocks but don't know how important it is to provide continuous care to them.
Case in point: A local chapter volunteered to restore a school's tower clock. The school district agreed and was pleased with the project but when the school district's maintainance management was given instruction on caring for the clock, they simply stated, "we don't have the skill or personnel to assume that responsibility." Unfortunately, neither does the local chapter. The chapter membership continues to age and will reach a point where maintenance of the clock mechanism comes to an end. A great idea that falls short of being practical.
The Portland's Rotary club has taken a more reasonable approach to restoration by providing funding for lasting care.