A NEW BUILDING IS THE ONLY FISCALLY RESPONSIBLE CHOICE
Belmont residents have an important choice to make on November 8th.
- We can vote YES to replace our library building and keep a thriving and essential community resource open every day for all Belmont residents.
- Unfortunately, there is no cheap alternative. Every scenario has been studied for 20 years, and the conclusion is always the same: It is prohibitively expensive to repair or renovate the old building because of the interdependencies, building codes, and statutory requirements that cause the cost to balloon. A recent attempt to define a ‘repair approach’ cost almost the same as the net cost of the proposed new building. There is no alternative solution. If we vote NO, we are choosing to let the old building fail and accepting that permanent closure would be the result.
There is only one true choice. We must act now. We must vote YES.
THE COST OF YES
- The YES solution is a planned, proactive, and prudent approach to cost management.
- $5 million in private funds to subsidize a new building, but it goes away if the vote fails.
- Net investment of $34.5 million to retain a library that serves every Belmont resident, all ages, all backgrounds
- Cost per household of $232/year per $1M assessed home value.
- No more costly repairs
- No health and safety risks
- An efficient, effective, and sustainable building
THE COST OF NO
- Waiting for inevitable failure is an irresponsible way to manage our town’s assets.
- A failing building that cannot be repaired due to the scope of interdependencies, building codes, and statutory requirements
- Permanent closure of the building when it fails, and therefore closure of the library itself
- Loss of $5 million in private funds
- Belmont residents would be banned from checking out books from libraries in other towns.