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Headlines: Central Park Gets $100 Million Donation

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The Central Park Conservancy has received a $100 million donation by hedge fund manager John Paulson. Half the money will help finance maintenance and the rest will pay for capital improvements. Parks have become major major beneficiaries of philanthropy, but this is the largest donation to a park ever, many say. The park's annual operating budget is $46 million. Paulson rose to fame by betting against subprime mortgages in 2007.

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