The Capital Regional District will borrow $6 million to build a new Vancouver Island Regional Library in Sooke.
The CRD will take out the loan on behalf of VIRL. VIRL would service the debt for construction of the new library.
A new library has been planned for Sooke for several years, as the current facility on Anna Marie Road is outdated.
Recently, plans for a new library took a back seat after there were no successful applicants in the bid to build the facility.
The proposals fell through due to the facility’s required 10,000 square footage, including that it must be contained on one level.
The library plan was referred to VIRL’s executive board is expected to debate the proposal and report back to the VIRL board this fall.
North Saanich and Sidney are also looking at potential library sites.
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