Matthew Lickona 11:49 p.m., Dec. 10
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.