The National Mall In Washington Will Get Its First Monument To An African American, Martin Luther King Junior.

{snip}

The four-acre site along the Tidal Basin is not far from the steps of the Lincoln Memorial, where King gave his “I Have a Dream” speech in 1963.

Project organizers have raised more than $65 million toward the $100 million cost of building and maintaining the King Memorial. They hope to have it completed by the spring of 2008.