The memorial, which originated in the early 1990s, was constructed through grant funding, fundraisers and materials, supplies, equipment, time and labor donated by the community of Homer.

The monument stands 15 feet tall and 20 feet wide with a central figure of a fisherman standing at the ready.

The memorial continues to evolve with the addition of bricks to honor those who lost their lives at sea, or lived their lives upon it. They are purchased through the North Pacific Fisheries Association. Proceeds go toward maintaining the site and a scholarship fund for children of fishermen.