Central Library closure set to plunge Wellington City Council a further $10m in debt

The closure of Wellington's Central Library looks set to cost the city more than $10 million in its first year, plunging Wellington City Council further into debt.

While $4.5m of the estimated cost accounts for operational expenditure, the city is also set to haemorrhage another $6m in capital expenditure.

The council's city strategy committee will consider the cost of the closure at a meeting on Thursday.

Read the full article on Stuff here.

Photo credit: Ross Giblin/stuff.co.nz

MoST Content Management V3.0.7264