The $170 million construction cost for the park has been taken of, with the city putting up $98 million, the federal government committing $22 million and the Friends of the High Line and others footing the rest of the bill.
However, the city will have to come up with 30 percent of the park’s annual $2 million to $3 million operating budget. And the Friends, which will oversee the 6.7-acre open space, is responsible for the remaining portion.
Hammond would not specify how much his group has already raised but said that they are aggressively working to secure next year’s budget through membership dues and other donations.
If the similarly membership-based Central Park Conservancy is any indication, the Friends could face a drop off in fundraising in 2010 because of the economy.