Wednesday, September 14, 2011

Madison Public Library Misses Cut on $4.5 Million Tax Credit

Though the article doesn't make clear what, if any, impact this will have on the Central Library renovation project.

City board weighs impact of cuts. (Badger Herald, 9/12/2011)

Excerpt: Members of the Library Board told the board they had hit a bit of a snag with their funding plan for the Central Library.

Library Board President Tripp Widder told the board the Central Library project did not receive a competitive $4.5 million tax credit. The board agreed to fund $4 million with the understanding the remaining $500,000 would be fundraised.

The grant is competitive, Widder reinforced to the board, and there is a decent chance the library may be able to reapply and receive the funds necessary.

He said generating jobs and economic vitality makes projects more attractive to those awarding grants, and this time around, Madison missed out.

Members of the Library Board said the Central Library should open its doors to patrons in mid-November with construction set for completion in the summer of 2013

And the beat goes on.  (4/14/2010)

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