Plans for the property, which is .27 of an acre and contains a 1.5-story bungalow, are unknown.
"This land gives the library more options as we move forward planning for a reconfigured new library campus for our community," Christine Yordan, president of the Library Board of Trustees, said in a press release.
The library is in the process of considering an expansion and renovation of the building. There will be workshops in the fall to discuss different plans and ideas, according to Susan LaPerla, the programming director and interim co-director. The new property may be incorporated into those plans in some fashion, she said.
According to the press release, the last expansion of the library took place in 1979 "when the population of New Canaan was a fraction of what it is today."
The money for the purchase comes from a bequest by the Creedon estate and its past and present trustees, according to a press release.
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