Indianapolis PL Plans $93.7 Million
in Capital Improvements
The approval of the sale of two bond issues by the state tax board is paving the way for a $93.7-million capital-improvements program including the construction of six new libraries, renovations for existing buildings, and technological upgrades through 2004 at the Indianapolis-Marion County (Ind.) Public Library.
The library will sell $12.2 million in bonds this year and $34.9 million in 2000, and is also targeting philanthropic and the private sector with a goal of $39.5 million. In-kind contributions are expected at $2.5 million, with the remaining $4 million coming from investments earnings, a library spokesperson told American Libraries.
Although Mayor Stephen Goldsmith opposed the bond sale, 36 community and neighborhood organizations endorsed the plan and submitted more than 14,000 signatures in favor of the new libraries to the tax board.
Posted March 30, 1998.
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