Last week, M. Roberts Hunt wrote an opinion piece for The Forecaster. And while I appreciate his perspective on the library expansion project, his assertion that, “If the library can’t raise its 50 percent, the town will be out of pocket over half a million dollars,” is simply not true. Should the library fall short in its fundraising efforts, the town’s out-of-pocket liability is capped at $150,000. That’s half of the pre-construction costs of $300,000, and consistent with the 50/50 requirement as outlined in the agreement with the town. The library would then, out of its own funds (not taxpayer money), repay the $285,000 borrowed for the purchase of the abutting property. Of course, an easy way to raise those funds would be to sell the abutting property outright and return the proceeds to the town, but I, like the Falmouth Town Council that unanimously voted to support the library expansion project, hope that’s a bridge we’ll never have to cross.
Jim Hauptman
Falmouth
Send questions/comments to the editors.
Success. Please wait for the page to reload. If the page does not reload within 5 seconds, please refresh the page.
Enter your email and password to access comments.
Hi, to comment on stories you must . This profile is in addition to your subscription and website login.
Already have a commenting profile? .
Invalid username/password.
Please check your email to confirm and complete your registration.
Only subscribers are eligible to post comments. Please subscribe or login first for digital access. Here’s why.
Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.