University campuses are under increasing pressure to adapt to technological change, evolving research needs, and shifting patterns of learning, all while facing persistent constraints of budget and space. Libraries sit at the center of this challenge, balancing their role as stewards of vast analog collections with growing demand for instant digital access to information. This session explores how institutions can strategically manage libraries and related spaces to preserve historic collections, enable digitization, and improve access without sacrificing flexibility for future needs. Through space planning strategies, preservation models, emerging technologies, and inter‑institutional partnerships, attendees will gain insight into managing uncertainty and planning facilities that can evolve alongside the academic mission. The discussion emphasizes practical approaches to sustaining knowledge, optimizing space, and ensuring long‑term relevance in a digital world.