Since the special election is unlikely to move forward, Mayor Bieter has cancelled Tuesday’s scheduled public hearing related to the vote, which had been planned for the city council’s regular 6 p.m. meeting. He also cancelled Tuesday’s planned 3 p.m. council briefing on the project to give the city more time to understand its options around project finances. Tuesday’s briefing was planned to cover the project’s next planning phase and cost estimates, among other topics. Much of the information planned for the presentation could change as a result of the new cost estimates.
“Our planning process worked exactly as it should by showing us these external market forces are putting too much pressure on our planned budget,” said Mayor Bieter. “The prudent option at this point is to pause the project so we can better understand our options going forward.”
Moving forward, the mayor will recommend the city explore a number of different options to address the project’s finances. These include, but may not be limited to, exploring greater philanthropic involvement; assessing whether an easing of market forces could help the project’s financial position; and possible design adjustments.
Once there’s a better understanding of how this new information impacts the project, the City of Boise will hold an open house for residents to give them an opportunity learn about these details and how the project will move forward.
“I continue to be committed to a new main library that meets the needs of our community with a fiscally responsible plan,” Mayor Bieter said. “Pausing our planning for the time being is a judicious and reasonable move to ensure a new Main Library is built for generations to come.”