PUBLIC AND PRIVATE FUNDING CREATE A NEW LIBRARY FOR TUCSON

Abstract

On November 18, 1987 we broke ground for the new main library building in Tucson, Arizona. A creative financing strategy involving the sale and leaseback of city‐owned buildings to the Tucson Local Development Corporation (a quasi‐public/nonprofit corporation) forms part of the complex financing plan developed to fund the library's construction. Other components of the plan include $15 million in general obligation bonds authorized by Tucson's voters in May 1984, economic development funds available to the City, and interest earnings.

Citation

King, M. and Hamilton, R. (1989), "PUBLIC AND PRIVATE FUNDING CREATE A NEW LIBRARY FOR TUCSON", The Bottom Line, Vol. 2 No. 1, pp. 10-13. https://doi.org/10.1108/eb025151