The Nation magazine has just published an in-depth investigative report by Scott Sherman on the New York Public Library’s quest to monetize its assets. Sherman was the first to uncover the NYPL’s renovation plans in late-2011, and has been following the story for two years.
The article, “The Hidden History of New York City’s Central Library Plan”, is available online, here.
Sherman’s article, which is based on internal documents, reveals the extent to which the Central Library Plan (CLP), from its inception, was characterized by secrecy and hubris, and included a $2.7 million payout to Booz Allen (the well-known military defense contractor) to help shape the plan. Sherman asks how and why one of the world’s greatest libraries got into the real estate business and adopted a $300 million transformation without any significant public debate. For nearly two years, the NYPL has refused to discuss the CLP in detail.
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