TULSA, Oklahoma - A Tulsa-based pipeline business has pledged $5 million to A Gathering Place for Tulsa, the new 66-acre public park planned for Riverside Drive.

Magellan Midstream will donate the funds over 10 years to help finance the project, a news release states. Their gift will be commemorated at the parks' outdoor terraces which will bear the company's name. The terraces will sit next to the Lodge within a large stand of trees, offering outdoor seating near the Lodge's cafe.

This will be a special place for our employees, their families and all Tulsans. We are honored to be a part of this visionary project," said Magellan President and CEO Mike Mears.

"We hope this gift is another way of saying thank you from the employees and families of Magellan. Our intent with making this contribution is to show our appreciation for all that they and the city of Tulsa have done to help make Magellan successful."

Other companies that have donated to "A Gathering Place for Tulsa" include the Williams Companies, QuikTrip, ONEOK and H.A. and Mary K. Chapman Charitable Foundations. The first phase of the park is being funded by the George Kaiser Family Foundation and other private donors.

Infrastructure work has been underway at 21st and 33rd Street at Riverside Drive. The first phase will be located form about 26th Street to 31st Street on the east and west sides of Riverside.