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OLYMPIC PARK FUNDRAISING BEGINS
Published November 9, 1994
The Atlanta Chamber of Commerce began its campaign to raise $10 million from local businesses for the $50 million Centennial Olympic Park. The Chamber has already received about $6 million in cash commitments from 15 companies, and Chamber President Gerald Bartels hopes to bring in even more than $10 million. Bartels: "This is the opportunity for companies who have been waiting to be asked to make a commitment but not at the level of major sponsorship." Dan Graveline, a leader of the park effort, said they have begun land acquisition which will cost about $31M, and F. Duane Ackermon, President of BellSouth Telecommunications and another leader of the park campaign, "hopes to bank all contributions by January to prevent a cash flow crunch" (Melissa Turner, ATLANTA CONSTITUTION, 11/9).