Diller, Von Furstenberg Pledge $10-Million to New York Rail-Trail Project
June 2, 2009 | Read Time: 1 minute
Barry Diller, the media mogul, and his wife, Diane Von Furstenberg, the fashion designer, have made a $10-million challenge grant for the High Line, a project to turn a former New York elevated railway line into a landscaped walkway, The New York Times reports. The gift was immediately matched by another couple, Philip and Lisa Maria Falcone.
The contributions rank among the biggest given by individuals to the city’s parks, said Adrian Benepe, parks commissioner. The pledge by Mr. Diller and Ms. Von Furstenberg will be allotted over five years to Friends of the High Line, the nonprofit group managing the project, which will be required to match each installment.
The gifts bring fund-raising to $34-million in a $50-million capital campaign.
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