Quote:
Originally Posted by The mayor
That is quite unfortunate. I don’t know where Regina is going to get their money from the build a new library. Something must be in the works. Do you think the provincial government should provide financing for these libraries?
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RPL has a reserve fund for this purpose. I believe it is about $30 million and of course they can sell the old central location for a few million. They can also borrow funds and repay them over 30 years out of library taxes.
I could see them getting Federal money for green initiatives. I have not reviewed the provincial policy on funding library capital projects.
Edit: the RPL capital reserve is more like $20 million.