Daniel Powell 12:42 p.m., May 25
San Diego Library Foundation Needs $25 million
Mel Katz and Judith Harris from San Diego's Library Foundation are confident they can raise the $25 million needed for Downtown's new Central Library by the end of the year.
"Today is one of the first days that Mel [Katz] and I feel a little bit less pressure," Harris told the Rules Committee on Wednesday.
To make the deadline, Harris says the foundation has 41 "concrete" donors willing to pledge approximately $15 million. And, that is without the donors looking to give money in exchange for naming rights.
One of main attractions for donors is the charter school will be located on the 6th and 7th floor of the library. During the meeting, Katz and Harris told committee members that the library foundation was awarded the contract to run the school. Five hundred students will attend. The foundation plans to enlist local professors and some councilmembers to sit on the board.
"We have had donors pledge money just because of the charter school," said Harris.
"We have finally found a formula that is going to work for us."
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