Donor Steps Forward to Save Washington Monument

Monument suffered extensive earthquake damage

By Julie Carey
|  Thursday, Jan 19, 2012  |  Updated 11:14 AM EDT
View Comments (
)
|
Email
|
Print
Earthquake repairs to the Washington Monument could take a year to complete, but the project now has the support of David Rubenstein from the Carlyle Group.

Julie Carey

Earthquake repairs to the Washington Monument could take a year to complete, but the project now has the support of David Rubenstein from the Carlyle Group.

advertisement
Photos and Videos
More Photos and Videos

The plea for a donor to help fund repairs to the earthquake-damage Washington Monument has been answered.

A damage assessment following the Aug. 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 told News4 by phone Wednesday evening that he's glad to hear repairs can begin.

The monument has been off-limits since the Aug. 23 earthquake left it with significant cracks.

Follow NBC Washington to get the latest news, events and entertainment anytime, anywhere: on air, online, and on Facebook // Twitter.

Get the latest headlines sent to your inbox!
View Comments (
)
|
Email
|
Print
Leave Comments
Join the Ride to Conquer Cancer
Join the Ride To Conquer Cancer, Sept. 13 Read more
Follow Us
Sign up to receive news and updates that matter to you.
Send Us Your Story Tips
Check Out