Saving The Washington Monument
Private donor steps in to help with $15 million earthquake repair bill.
The plea for a donor to help fund repairs to the earthquake-damage Washington Monument has been answered.
A damage assessment following the August 23 earthquake put the repair bills at $15 million.
Congress recently approved half of that total, telling the National Park Service to find a donor or donors for the rest.
Enter David Rubenstein.
The Park Service is set to announce Thursday morning that the philanthropist will provide the rest of the money.
A co-founder of the global asset management firm The Carlyle Group, Rubenstein recently gave $4.5 million to the National Zoo's panda program.
Park officials are also expected to announced Thursday that the restoration project could take up to a year.
One of Washington's top tourism officials said Wednesday evening that he's glad to hear repairs can begin.
The monument has been off-limits since the earthquake left it with significant cracks.