National September 11 Memorial & Museum Fundraising Hits $700 Million

10/19/2011 11:18 am ET | Updated Dec 19, 2011

By Associated Press
NEW YORK -- The National September 11 Memorial & Museum says it has raised more than $700 million so far.

It outlined its funding in a statement seeking federal funding authorization.

The statement says the authorization would "help advance core national priorities at a site of international importance."

A Senate subcommittee was meeting on the proposed legislation in Washington on Wednesday.

Memorial officials say nearly $500 million of the funds raised so far have come from non-federal sources. The proposed legislation would provide about one-third of the group's operating budget.

Organizers say most of the funds have been used for construction and planning the museum. It's slated to open next year.

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