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You are here: Home Newsroom Education News Roundup Archive 2010 June 2010 The Schoobrary's $32.5 million deficit

The Schoobrary's $32.5 million deficit

  • 06-16-2010
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By Liam Dillon/Voice of San Diego

A final decision on the city of San Diego's new $185 million downtown central library is planned for the end of this month without a legally binding commitment for private donors to fund a substantial portion of the cost. The city remains $32.5 million short of the money needed to finish schoobrary construction, according to a City Council committee report -- nearly the same amount as the Library Department's annual budget. Taxpayers could be on the hook for funding the deficit or repaying state grant money should private funding not materialize. Donors and the Mayor's Office say that won't happen.  (more...)

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