The organizers of the USA Pavilion at the Shanghai Expo announced April 7 that they found sponsors and reached their $61 million fundraising target.
With Citicorp’s pledge of $5 million, the pavilion is now fully funded, according to Jose Villarreal, the San Antonio lawyer who serves as the pavilion’s commissioner general. Villarreal told reporters that he would still welcome more money to help improve entertainment, according to BusinessWeek.
Although they have received no government money, the pavilion organizers did make an appeal to U.S. Secretary of State Hillary Clinton, who reportedly made some calls. In addition to Citicorp, Walmart, PepsiCo, Microsoft, Johnson & Johnson and General Electric have chipped in despite the economic situation. Citicorp itself is repaying $20 billion in government bailout money.
One-third of the money paid for the building, while another third paid for multimedia shows that will run throughout the six-month Expo.
The rest will pay for operating costs and expenses for volunteers and entertainers, which so far include Herbie Hancock, Dee Dee Bridgewater and Ozomatli. The Expo opens May 1.