STERLING, N.Y. (AP) _ Organizers of the Sterling Renaissance Festival say they've raised enough funds to operate this summer.

Festival organizers say the theme park on Lake Ontario will open Saturday morning and operate on weekends through Aug. 17.

Festival owner Doug Waterbury told 570 WSYR that he needed $300,000 to open because a private alternative lender couldn't give him a loan this year. He said he needed the cash for operating expenses. On Friday Waterbury announced on the the Bob Lonsberry show that he had the cash on to open as scheduled this week.

The festival conducted a public campaign asking for donations and raised $14,980, according to the Web site Rockethub. The festival's Facebook page reports a $30,000 loan has been secured from a festival follower.

Waterbury says this financial crunch is a one-time problem for the festival, which opened in 1977.