Bloomberg gives $15M loan to Sept. 11 Museum - FOX 35 News Orlando

Bloomberg gives $15M loan to Sept. 11 Museum

Posted: Updated:
  • Sept. 11More>>

  • Sept 11 museum takes action on gift shop criticism

    Sept 11 museum takes action on gift shop criticism

    Thursday, May 29 2014 6:37 AM EDT2014-05-29 10:37:25 GMT
    Responding to criticism, National September 11 Memorial Museum officials say victims' families will be consulted regarding merchandise on sale in its gift shop. Memorial Foundation President Joe Daniels says the museum will enlist the help of 9/11 family members who sit on the foundation's board in vetting the products.
    Responding to criticism, National September 11 Memorial Museum officials say victims' families will be consulted regarding merchandise on sale in its gift shop. Memorial Foundation President Joe Daniels says the museum will enlist the help of 9/11 family members who sit on the foundation's board in vetting the products.
  • Memorial remains free

    Sept. 11 Museum president defends $24 admission fee

    Sept. 11 Museum president defends $24 admission fee

    The president of the National September 11 Memorial and Museum is defending the decision to charge a $24 adult admission fee when the museum finally opens in May 2014 after some 9/11 families criticized the price tag.
    The president of the National September 11 Memorial and Museum is defending the decision to charge a $24 adult admission fee when the museum finally opens in May 2014 after some 9/11 families criticized the price tag. Joe Daniels pointed out that the 9/11 Memorial complex receives no federal, state, or local funding to defray its projected $63 million annual operating cost and that the memorial plaza, which is already open, will continue to remain free.
  • NYPD remembers 23 killed on 9/11

    NYPD remembers 23 killed on 9/11

    Wednesday, September 11 2013 11:24 AM EDT2013-09-11 15:24:00 GMT
    The New York Police Department is remembering 23 members killed in the line of duty on Sept. 11, 2001.
    The New York Police Department is remembering 23 members killed in the line of duty on Sept. 11, 2001.

NEW YORK (AP) - The National Sept. 11 Memorial & Museum has received a low-interest $15 million loan from Mayor Michael Bloomberg to help the nonprofit with a budget shortfall.

The underground museum is slated to open next year.

Bloomberg is the foundation's chairman. The New York Times says he made the lowest possible interest rate of less than 0.3% so it would qualify as a loan rather than a gift under federal rules.

The museum is estimated to cost around $700 million.

The foundation has received more than $425 million from state and federal government and the Port Authority. It's also raised over $450 million in private donations.

A spokeswoman for Bloomberg didn't immediately respond to a request for comment or say why he's making a loan rather than a gift.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Manhattan NewsManhattan NewsMore>>

  • Mark David Chapman

    John Lennon's killer denied parole again

    John Lennon's killer denied parole again

    Friday, August 22 2014 4:10 PM EDT2014-08-22 20:10:09 GMT
    John Lennon's killer was denied release from prison in his eighth appearance before a parole board, New York corrections officials said Friday. The decision on Mark David Chapman by a three-member board came after a hearing Wednesday, the state Department of Corrections said. Chapman fired five shots on Dec. 8, 1980, outside the Dakota apartment house where Lennon lived on Manhattan's Upper West Side, hitting the ex-Beatle four times.
    John Lennon's killer was denied release from prison in his eighth appearance before a parole board, New York corrections officials said Friday. The decision on Mark David Chapman by a three-member board came after a hearing Wednesday, the state Department of Corrections said. Chapman fired five shots on Dec. 8, 1980, outside the Dakota apartment house where Lennon lived on Manhattan's Upper West Side, hitting the ex-Beatle four times.
  • Official: NYPD body cameras are 'win-win'

    Official: NYPD body cameras are 'win-win'

    Thursday, August 21 2014 9:02 PM EDT2014-08-22 01:02:35 GMT
    Public Advocate Letitia James says a 3-ounce camera, if used correctly, could be a key tool in improving community and police relations. She showed off one of the cameras she believes NYPD patrol officers need to be wearing. She said that the cameras would be a "win-win" for the public, transparency, police accountability improving police community relations, reducing civil liability.
    Public Advocate Letitia James says a 3-ounce camera, if used correctly, could be a key tool in improving community and police relations. She showed off one of the cameras she believes NYPD patrol officers need to be wearing. She said that the cameras would be a "win-win" for the public, transparency, police accountability improving police community relations, reducing civil liability.
  • Pediatric cancer awareness

    World Trade Center to go gold

    World Trade Center to go gold

    Thursday, August 21 2014 8:48 PM EDT2014-08-22 00:48:12 GMT
    Like so many teenagers, Shelby Huff was hung up on getting abs until one day two years ago when she realized looking good was not as important as feeling good. She was doing sit-ups when suddenly she developed huge bruises on her legs. Shelby was diagnosed with a deadly bone marrow disease.
    Like so many teenagers, Shelby Huff was hung up on getting abs until one day two years ago when she realized looking good was not as important as feeling good. She was doing sit-ups when suddenly she developed huge bruises on her legs. Shelby was diagnosed with a deadly bone marrow disease.
Powered by WorldNow

35 Skyline Drive
Lake Mary, FL 32746

Phone: (407) 644-3535
News Tips: (866) 55-FOX35

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices