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New San Diego Library Still Needs About $25 Million

Fundraisers are optimistic they will meet their goal by the end of the year, though they have a long way to go.

— $32.5 million, that’s the magic number fundraisers need to reach by the end of the year to pay for the second phase of the new downtown library.

The San Diego Library Foundation’s Mel Katz said in 14 months of fundraising, nearly $7 million has come in, with $2 million of that being raised in the past two months alone.

He said donations are picking up, as people are able to take tours of the partially completed building and get a better idea of how the library is going to look.

He said meetings scheduled with 41 potential donors are expected yield an additional $15 million, though that money has not yet been secured.

Katz said naming opportunities for the library are still available, which would bring in millions more. The library is slated to open in the summer of 2013. The San Diego City Council's Rules Committee will get an update on the library project at its meeting this morning.

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