Frequently Asked Questions

How will this be funded?

• We’d purchase the building from MainSource Bank for $75,000. This is less than 20 percent of the appraised value. We consider the difference to be a wonderful gift. We could never purchase land with better visibility and convenience.
• The Town of Hanover is sponsoring a $500,000 Community Focus Fund grant to help fund needed improvements to the building. This type of community development grant requires a municipal sponsor. The library is listed as a sub-recipient and is responsible for all future operating fees.
• We will secure local funding from private and non-profit sources for furnishings and opening day collections. Local individuals and businesses have already shown great support.
• Existing furniture and shelving currently in storage will help reduce opening costs at the new library.
• No additional property taxes will be requested for this project.