What is the cost for library buildings and spending on library capital costs nationally?
Nationally it appears that library buildings cost $150 to $200 per square foot (including equipment and technology). National data for building size are unavailable at present. (Source: most current LJ architectural issue?) For those states with data, the norm for size appears to be somewhere between 0.8 and 1.9 square feet per capita. A reasonable cost per square foot, amortized over a 20 to 40-year period would yield a target sum. A ten-year trend analysis on Wisconsin libraries by the author indicates that roughly 16 cents was expended on declared capital costs for every one operating dollar.
Related Questions
- Research costs and turnaround costs are identified as Capital Cost. If my company capitalization policy does not recognize this cost as capital, can I record these costs as an operating expense?
- What has the district done to control spending, maximize costs, maximize efficiency and increase cost effectiveness?
- What is the cost for library buildings and spending on library capital costs nationally?