MOUNT VERNON, Va. (AP) —Defense Secretary Robert Gates spoke today at groundbreaking ceremonies for a brand new presidential library. Gates said no president merits the creation of a library more. The price tag for this one is $47 million dollars.
Secretary Gates praised our first president and said he looks forward to one day visiting the library at George Washington’s Mount Vernon estate.
The building will be called the Fred W. Smith National Library for the Study of George Washington. Mount Vernon also expects the library to serve as a scholarly retreat.
Smith is chairman, president and CEO of FedEx and chairman of the Donald W. Reynolds Foundation of Las Vegas, which donated $38 million to the library. Unlike modern presidential libraries linked to the National Archives, the Washington library will be entirely privately funded.
Completion is scheduled for 2013.
Copyright 2011 The Associated Press.