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.
In the Press...
New York’s Highest Court Rejects Same-Sex Marriage Appeal (Bloomberg)
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Improved Streetscapes Give Businesses a Boost, Mayor's Office Says (Daily News)
Jobless Rates Drop in All Five Boroughs (Wall Street Journal)
Cuomo’s Medicaid Changes Are at Washington’s Mercy (NY Times)
Six Seek Seabrook's Council Seat (NY Times)
Quinn Skips Hearing on Chelsea Market Expansion (Wall Street Journal)
