Thursday, May 2, 2013
Michael Bloomberg has personally lent the museum $15 million to help cover expenses until it opens a year from now. He is charging the lowest possible interest rate — less than 0.3 percent — so that the transaction would qualify under federal rules as a loan rather than a gift.
Mayor Michael R. Bloomberg has personally lent the Sept. 11 museum $15 million to help cover expenses until the institution opens at ground zero a year from now.