Kansas: Debt Threatens Wichita’s Plans for New Central Library
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)
About Gary Price
Gary Price (firstname.lastname@example.org) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. He earned his MLIS degree from Wayne State University in Detroit. Price has won several awards including the SLA Innovations in Technology Award and Alumnus of the Year from the Wayne St. University Library and Information Science Program. From 2006-2009 he was Director of Online Information Services at Ask.com. Gary is also the co-founder of infoDJ an innovation research consultancy supporting corporate product and business model teams with just-in-time fact and insight finding.