Starbucks, Microsoft donate $125k each to save fireworks show

Starbucks, Microsoft donate $125k each to save fireworks show
SEATTLE -- This city is more than half way toward getting their Independence Day show fireworks show back.

A day after the organizers for Family 4th at Lake Union announced the 2010 show would be canceled due to lack of a title sponsor, Starbucks and Microsoft said Thursday afternoon they would each be putting up $125,000 in matching donations toward the needed $500,000 for the show.

Their donations join a host of other Seattleites and local businesses pledging money to save the show. Chef Tom Douglas got the dough rolling donating $5,000 along with radio host Dave Ross.

So far, they've raised more than $79,000 already on their own. And late Thursday night, Paul Allen's company Vulcan donated $50,000 for the event.

"If they can rally the troops so to speak and come up with $500,000 by Monday... we would be overjoyed," said Mikhail Mei William with One Reel, the non-profit that organizes the annual show.

The show's producers say they are racing up against a Monday deadline to raise the cash because they have a lot of fixed deadlines with barge permits and event safety planning.

Seattle-based bank Washington Mutual had been the sponsor of the show for eight years before it collapsed in 2008. Chase, which absorbed Washington Mutual, agreed to sponsor the show for one year. One Reel says they are still hopeful a sponsor can be signed for 2011 and beyond.