City lawmakers from southwest Louisville are praising Mayor Greg Fischer’s decision to fund construction of the Southwest Regional Library in his latest city budget proposal.
The $9.5 million bond for the library is the largest expenditure in the mayor’s capital budget and the only proposed bond. It follow’s up a $500,000 allocation the mayor made last year to begin the design phase of the long-planned project.
The library foundation will also give the city $3.5 million for the facility.
“Some other mayors that weren’t quite as committed to what’s going on in the Southwest may have made the decision to cut this for this year, push it off to next year, put it off a couple years,” says Councilman Rick Blackwell, D-25, after noting that Fischer has long talked about a need to cut city spending and bring expenditures in line with revenues. “I think it’s a bold move for the mayor and it’s one the residents in Southwest Louisville certainly appreciate.”
The bond will take 20 years to pay off, but with the city currently renting space, Blackwell says it makes sense to bond the project.