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Cost and support

The cost of building and equipping the World Science Center, exclusive of real estate, is estimated at $27 million.

Supporting income for the World Science Center will be derived from rental of office space and auditoria facilities to other educational, scientific societies and organizations. In addition, income will be obtained from those service organizations managing the bank branch, dining rooms and basement garage. The Academy will also bear its share of costs in occupancy and use of the World Science Center.

The anticipated budget for income and expenses has been worked out and corroborated by real estate management firms, as well as by the Real Estate Department of the Chase Manhattan Bank, on the basis of the Office Building Exchange Report. The maintenance of The New York Academy of Sciences' tax-exempt status in its proprietorship of the World Science Center has been studied and confirmed by legal counsel.

The New York Academy of Sciences is a self-sustaining organization with an operating budget at the present time of more than one million dollars a year. It has prepared its administrative budgets, based upon past performances up to and including the year 1970 for the assurance of maintaining its program of activities.

Financial support for the construction of the

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