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By the Numbers
A Larger Library Space
By eliminating back-office, administrative, and storage space, the renovation creates an additional 10,000-square-feet of public library space in midtown Manhattan.
Doubling Space, Restoring Attendance
The renovation will more than double the amount of public space within the Schwarzman Building. And by reuniting the circulating and business libraries with within the research library, and extending the hours, the renovation will restore attendance at the 42nd Street building to the same levels seen from the 1930s through the 1960s — when much less space in the building was open to the public.
More Resources for Library Services
The renovation will provide an additional $15 million into the NYPL system annually, generated from operating savings (from maintaining one building instead of three in midtown Manhattan) and from an increase in interest income (from the additional revenue added to the endowment from the sales of the two spaces and fundraising).