A Dig-Once Opportunity
The Library’s Trustees heard the concerns of the Village Board and the community. $3 million has been cut from the proposed project and it is now the right size for our community. The $3 million cut amounts to 30% of the net municipal costs.
The total cost of the Library Improvement Plan is $17.9 million. Independent estimators were used to develop the project’s cost. The Library’s campaign committee has already begun raising $8,000,000, or 45% of the project costs. The Library will be asking Village of Scarsdale voters to approve $9,900,000 in community-based funding (55%) through a building referendum to cover the balance.
For homes in Scarsdale assessed at $1.5 million (average residential property assessment), the cost of the Library’s Improvement Plan would be $137 a year or $2.63 a week—less than a Starbucks coffee.
When looking at the costs of similar local library building projects, our costs are on the lower end of the scale.