We find ourselves in the middle of one of the greatest wealth transfer periods of all time. Those with wealth must decide whether they want to make transfers, and if they do, they must decide how much, to whom, when and in what structure?
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The $8.1 million project on the library, at 300 N. Adams Ave. near Civic Center Park, began last September and has added a total of 24,700 square feet to the existing library space, which encompassed a total of 32,600 square feet prior to the renovation.
The public gained access to some of the additional space in August, but there’s still a lot of work to be done before the building is ready for its grand reopening in February.
Studies on the library completed earlier in the decade showed that the building was beyond its space and programming capacity, increasing the need for renovation with each passing year. The original plan for the renovation, proposed in 2008, came with a $9.4 million price tag, and was expected to be completed no sooner than 2014.
According to Loveland City Council, the project could only happen if a capital campaign produced $2 million in funding. The Friends of the Loveland Public Library Foundation Inc., took up the challenge with a fundraising campaign that began in early 2009.
The fundraising was set to begin just as the economy took a turn for the worse, according to George Franke, co-chairperson, with Rose Anne Wheeler, of the capital campaign committee and former president of Friends of the Library. The foundation, whose mission it is to support the Loveland Public Library as the information center for the community, already had everything in place to execute the plan, so they went forward with it despite the troubled economy.
“City council and administration felt confident that we would accomplish our ($2 million) goal,” Franke said.
So much so that the city issued permits for construction to begin in September 2010, although the foundation did not hand city council a check for $2 million until this July.
“It was a challenge when we started, but we’re excited that we achieved our goal,” Franke said.
Friends of the Library raised the money through a combination of donations from various foundations and organizations known to be interested in supporting local institutions, Franke said.
The organization also held events that made the community aware of the project and the work involved with making the renovation possible. There was a great deal of support from both the residents of Loveland and city government.
“In such a difficult economy, the results of the capital campaign have been remarkable,´ said Ken Cooper, facilities manager for the city.