PUBLIC AND PRIVATE FUNDING CREATE A NEW LIBRARY FOR TUCSON Available to Purchase

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.