October 22, 2014

Columbus Library Funding Notes Sell Out

Columbus Main Library

Columbus Metropolitan Library, 2010’s LJ Library of the Year, launched its Library Fund Library Facilities Notes Sale on Nov. 15, 2012, to help fund its 2020 Vision Plan. Notes are a shorter-term, more flexible debt instrument than bonds, and can be sold in smaller amounts. The notes sold out in three hours, the library said in a statement, with three times as much interest than the amount of notes available.