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New Building Update
Final costs for the new library building were presented on Tuesday, July 12, 2022, at the Addison Township Public Library New Building Committee meeting. Bids based on finalized project specifications were submitted by contractors on June 30, 2022. This was compiled by The Alan Group, who are the library’s construction management firm. The established total for site preparation and new building construction is a 25% increase over projections. James Ratliff, construction manager of The Alan Group, attributes the increases to extensive construction market pressure since the conceptual budget in 2019.
The Library Board is working on adapting their strategy because of these recent developments. Fundraising efforts originally generated 86% of the expected funds needed. With the current figures, the library is actually at 70% of their fundraising goal. The difference is expected to be made up through a construction loan. The board is working with the township and local banking groups to receive this loan as soon as possible.
Visit www./letsbuildalibrary.org/ to learn more about the project and how you can get involved.
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