Hamilton east public library (Hamilton county, Indiana) has features like this. They have a maker space which makes things easier when it comes to tool storage though.

They also have art supplies like full sets for acrylic & oil paint and pastels available to loan. I think they combat theft by requiring some things to not leave the library.

It's a fairly Republican area and they still manage to make it work, however they also made national news for banking books like the fault in our stars...

Edited to add: you might check with your local library to see if they have any plans in the works to do this