ReefMakers and Artificial Reefs of the Keys (ARK) announced the final funding component for the Vandenberg artificial reef project at DEMA Show 2006, the largest dive industry trade show in the world.

The City of Key West, Florida voted November 8 to complete the funding package for the Vandenberg project. The Vandenberg project is expected to generate $11 million annually to the local economy.

"The City of Key West has been an enthusiastic supporter of the Vandenberg artificial reef project," said ReefMakers Principal Joe Weatherby. "The City of Key West now joins our major sponsors in developing a sustainable tourism attraction."

Project funding consists of federal support through the Maritime Administration, the State of Florida, Monroe County, the Monroe County Tourist Development Council and now the City of Key West. The Vandenberg also benefits from numerous private and corporate supporters.

The artificial reef project will place the 520 foot ex-USAFS Hoyt S. Vandenberg seven miles south of Key West. The project now moves into an operational phase with the ship entering a shipyard for extensive cleaning and preparation.

"Everyone is excited about what this means for the community of Key West," said Chris Norwood President of Artificial Reefs of the Keys. "It's an important milestone for us and marks the beginning of the operational phase of the project."

The Vandenberg artificial reef project will benefit all major tourism operators including charter operators, hotels and restaurants. The projected date of sinking is spring of 2008.