From the The Wichita Eagle:
The city of Wichita may not be able to borrow money to build a new $30million library downtown because it is too deeply in debt.
In essence, the city’s credit card would be maxed out by the $30million central library project. In addition the city is facing equally problematic expenses for acquiring a new city water supply, upgrading treatment plants and pipes for both water and sewer systems and maintaining deteriorating streets, council member Jeff Longwell said.
The library’s fate could come to a head as early as Tuesday, when the council considers paying for more architectural services for the new facility.
The sudden shift in the new central library’s fate was prompted by an internal city finance report, titled “City Debt Levels and the Impact of the Library Project,” that was provided to council members last week.
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See Also: Kansas: “Plan for Wichita’s New Central Library Gets Scaled Back” (May 14, 2012)