Barbarella Fokos 11 a.m., Aug. 29
Your Name Here: Fundraising for the Central Library
Mel Katz, chairman of the San Diego Public Library Foundation, appeared at today's Rules Committee meeting to update councilmembers on fundraising efforts for downtown's new central library. The update: there's a whole lot more fundraising to go. The presentation was nearly identical to the one Katz gave to the same committee three months prior.
The foundation has raised $152.4 million so far-- $80 million in redevelopment funds, $20 million from state librarians, another $20 million from San Diego Unified School District, $32.4 million in private donations, as well as $10 mil in future operating costs.
Katz said funding is 82 percent complete, but there is still $27.7 million left to find in just six months.
Katz, however, is optimistic that the foundation will meet its goal, mostly by offering naming rights.
"We're talking to a $20 million donor who would like their name on the library," Katz told committee members. "We're talking to a $10 million donor who is interested in the courtyard. Those are the types of gifts that we are going after."
Katz continued: "We have visits from donors all of the time. The reception from donors is fantastic."
The foundation is also offering naming rights for smaller donors, such as $50,000 for small study areas.