Officials Revise Financing Plan for Clinton Library Site

http://www.ala.org/ala/alonline/currentnews/newsarchive/1997/december1997/officialsrevise.cfm


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Posted December 29, 1997.

Officials Revise Financing Plan for Clinton Library Site

Embarrassed city officials in Little Rock, Arkansas, dropped an unpopular plan to increase a so-called "hamburger tax" on restaurants and hotels to buy real estate for Bill Clinton's presidential library.

At a December 15 meeting of the city board, officials agreed instead to finance most of the $15 million needed to buy 27 acres of downtown property by expanding a previously approved bond issue, reported Reuters. Those resistant to either method of raising funds prefer to fight for a public referendum.

Skip Rutherford, a Clinton intimate and coordinator of the library project, said funds from private sources will cover the $80 million for construction and endowment, but the building site was separate.

Posted December 29, 1997.