Lori Healey, executive director of the Chicago NATO host committee, told the Chicago Tribune that the city has the "vast majority" of promised private sector money to host the two-day NATO summit in May. There are 36 identified private donors expected to collectively give more than $36 million, with 11 of the companies tied to the non-profit World Business Chicago.
According to the Tribune, it is rare that a city or private donors would raise money for a national security special event. However, the federal government has committed just $19.1 million to the summit, and it is not clear if the city will get additional federal money for security costs.
With the G8 summit relocated from Chicago to Camp David, community groups have pushed to re-route a portion of the summit donations to neighborhood jobs programs.