Total Project Costs
Combining several community needs, this project is a catalyst for economic development in the Cascadia Innovation Corridor along Interstate 5 between Seattle and Vancouver, BC, and represents a $61 million investment in the local economy.
The project includes public library services, community center space, and structured parking with a public mega charging electric vehicle charging floor, park and ride, and transit stop.
The project includes public library services, community center space, and structured parking with a public mega charging electric vehicle charging floor, park and ride, and transit stop.
Funding Plan
The City of Mount Vernon committed to the project with the intention of not increasing constituent taxes through a bond. With the cost of construction continuing to rise, the City Council voted to begin construction in the fall of 2022 with a $6 million funding gap.
By August 2023, they were under $1.7 million from their goal, with the projection to be fully funded by the end of 2023 without a bond measure. Costs and funding continued to be adjusted, but the city succeeded. The Mount Vernon Library Commons was completed without a bond, without local tax dollars.
Funding sources include:
By August 2023, they were under $1.7 million from their goal, with the projection to be fully funded by the end of 2023 without a bond measure. Costs and funding continued to be adjusted, but the city succeeded. The Mount Vernon Library Commons was completed without a bond, without local tax dollars.
Funding sources include:
- State funds
- Federal funds
- Community donations
- Grants
