The developers of the Ground Zero mosque expect to raise $7.5 million this year, a drop in the bucket toward the $100 million needed for the project, according to an article Saturday in The New York Post by Isabel Vincent and Melissa Klein.
"The projected contributions are expected to double to $15 million in 2012, according to the IRS application for tax-exempt status filed by Park51, the group behind the controversial community center and mosque," the article said.
"A spokesman for Park51 refused to say how much had been raised since the project was announced a year ago," the article continued.
The mosque and cultural center is to be located at the site of the former Burlington Coat Factory building on Park Place, a few blocks from Ground Zero.
"In order to go forward, the developers still need to buy half the site from Con Edison. They are still hashing out a price. The developers say the mosque will be operated by a separate and independent nonprofit called PrayerSpace. But there is no record that an organization named PrayerSpace has been incorporated in New York," the article said.
"The projected contributions are expected to double to $15 million in 2012, according to the IRS application for tax-exempt status filed by Park51, the group behind the controversial community center and mosque," the article said.
"A spokesman for Park51 refused to say how much had been raised since the project was announced a year ago," the article continued.
The mosque and cultural center is to be located at the site of the former Burlington Coat Factory building on Park Place, a few blocks from Ground Zero.
"In order to go forward, the developers still need to buy half the site from Con Edison. They are still hashing out a price. The developers say the mosque will be operated by a separate and independent nonprofit called PrayerSpace. But there is no record that an organization named PrayerSpace has been incorporated in New York," the article said.
Architecture Critic
Carter Horsley
Since 1997, Carter B. Horsley has been the editorial director of CityRealty. He began his journalistic career at The New York Times in 1961 where he spent 26 years as a reporter specializing in real estate & architectural news. In 1987, he became the architecture critic and real estate editor of The New York Post.
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