$700,000 raised for NYC2012 Olympics.

Member and affiliate member firms of the American Council of Engineering Companies of New York, the state's leading advocate for the consulting engineering community, have raised $669,172 to support the city's domestic and international bid proposals to host the 2012 Olympic Games.

The Council's latest fund-raising event, which was held on July 22 in the offices of the American Management Association, brought in $106,160 pledged by 43 member and affiliate member firms, many of which had contributed previously. Host speakers were Dan Doctoroff, deputy mayor and founder of NYC 2012, and Jay Kriegel, executive director of NYC 2012 who used photographs, renderings, maps and financial data to update the progress of NYC 2012 for the 50 executives representing the contributing firms.

Unlike the four competing bid proposals for the London, Paris, Moscow and Madrid venues, New York's bid for the 2012 Olympic Games is being funded entirely by private contributions from business/professional associations such as ACEC New York, corporations, unions, foundations and individuals. NYC 2012 is seeking $35 million to fund the international phase of the competition.

In addition to the revitalization and transformation of several sections and communities in the five boroughs and the expansion of sports and transportation facilities, New York's winning of the 2012 games would mean the creation of thousands of new jobs and nearly $10 billion in construction contracts.