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Article: Miracle on Fifth Avenue. (New York Public Library)
- Article from:
- Fund Raising Management
- Article date:
- February 1, 1990
- Author:
CopyrightCOPYRIGHT 1990 Hoke Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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In the early 1980s the New York Public Library faced massive deficits. But a $307 million capital campaign reversed the downward spiral and got the library back on track.
Almost nine years ago, scores of valuable old books were rotting in The New York Public Library's vaults. The central research library on 42nd Street and Fifth Avenue in Manhattan was in deep disarray. The landmark building on Fifth Avenue, a marble symbol of literature and philanthropy, along with its 82 branches, was closed on Thursdays; thousands of books were kept out of circulation waiting to be cataloged and placed on shelves. The physical plant - the hand-carved woodwork, the ornate ...