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I think that what is interesting is a university going this route might be a useful push in the direction towards digital archiving of the more obscure texts. Their sacrifice in the short term might accelerate the wider accessibility in a few years.
I can understand how, particularly on an older, more established campus, there would be a shortage of space to dedicate to digital media on that scale, thus necessitating the End of Books.
Presumably they would maintain interlibrary loan access for a few years, to fill the gaps.
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