A “tool library” for the Mile-End?

(photo found here.)
I have been thinking this would be a great addition to our community. I imagine there are more informal, or closed, versions here already (are there?) but I love the idea of sharing a tool library with my neighbours.
I mean, there are a bunch of projects I would like to do, but I hate the idea of putting out so much money at Home Depot just to get started.
Here’s a teaser:
If you need a table saw, a 10-foot pipe clamp or a 20-foot pruner, you’ve normally got three choices: Buy it, rent it or borrow it from a neighbor. Portland is fast becoming a leader in a fourth way: checking it out for free at a tool lending library. The city’s first nonprofit tool library, founded in 2004 in North Portland, is up to 2,300 members. Its second, in Northeast, has already drawn 800 members in 16 months and just expanded to a far bigger space. A third, in southeast Portland, is scheduled to open this spring, which would make Portland the only U.S. city with a trio.
More info here.
So, all these progressives cities have a tool library … shouldn’t Mile-End have one too?
Who’s gonna get it going?!
via: Good