[lbo-talk] Steve Schwarzman, philanthropist

Doug Henwood dhenwood at panix.com
Wed Apr 23 05:18:37 PDT 2008


[via Mike Allen - yuck]

'Wall Street financier gets his name alongside New York lions,' from AP: 'Patience, Fortitude - and Stephen A. Schwarzman? The two stone lions that have famously bracketed the front steps of the New York Public Library for nearly a century will soon have to move over, symbolically, that is, to make room for a Wall Street financier. The city's Landmarks Preservation Commission on Tuesday approved the library's request to have the name of Schwarzman, whose money kick- started a $1 billion, six-year renovation project, etched into the walls of the Beaux Arts edifice on Fifth Avenue. Under the plan, Schwarzman's name will appear three times in front of the Fifth Avenue entrance - on a horizontal slab and the bases of two columns - and twice on columns on the 42nd Street side. The five inscriptions in letters 1 1/2 to 2 1/2 inches high will read 'The New York Public Library,' and below that, 'Stephen A. Schwarzman Building.' The proposal passed the commission on an 8-0 vote despite objections raised by two organizations: the area community board and the Historic District Council, a private advocacy group.... Schwarzman, founder and chief executive of the Blackstone Group, has pledged $100 million to underwrite the beginning of an overhaul that will consolidate book borrowing and scholarly research at the central library, add a new cafe and information center, and provide wireless Internet access, among other things.'



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