The timetable for municipal approvals of the widely anticipated New Canaan Library rebuilding project has been pushed back a bit pending details around parking and specifics of financials, the town’s highest elected official said this week. First Selectman Kevin Moynihan said Tuesday that he had anticipated the library coming to the Board of Finance this week “with further financial information, but they are waiting for pricing estimates on their project.”
“The Board of Finance has made clear that they want much more specific numbers before they can move forward,” Moynihan said during a regular meeting of the Selectmen’s Advisory Committee on Buildings and Infrastructure, held via videoconference. “The Town Council has made clear that they want to see what is going to Planning & Zoning, which now has slipped a bit to the end of November, apparently.”
The $36 million rebuilding of New Canaan Library is still expected to commence next spring and construction will continue for about two years, the library’s executive director, Lisa Oldham, confirmed when asked about the project. Under a draft Memorandum of Understanding or ‘MOU’ with the town that’s been under negotiation since early this year, the town is to contribute $10 million toward the project while the library bears the balance of the cost through its own fundraising and a $15 million commercial construction loan from Bankwell, documents show. Moynihan said that parking is among the key pieces of the MOU.