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Old Library's New Attraction Needs More Money

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SALT LAKE CITY (AP) -- Taxpayers approved a $10 million bond in 2003 to help renovate the old Salt Lake City library into the Leonardo at Library Square.

Organizers of the project, which would feature exhibits of art, science and culture, now says it needs more money.

Rising construction costs have meant an additional $13 million is needed for the museum.

Mary Tull, Leonardo's director, says soaring costs on everything from seismic stabilization and asbestos removal have busted the budget.

In addition to the $10 million bond Salt Lake City voters approved for the project, the Leonardo has privately raised another $10 million.

Now they're hoping to make up the $13 million shortfall through a 20-year sales-tax revenue bond.


Information from: The Salt Lake Tribune

(Copyright 2007 by The Associated Press. All Rights Reserved.)

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