This seems like the worst of both worlds. If you don't care about the social/interpersonal aspect of reading then just use the internet. If you do, go to a real library.

Seems to be entirely a boredom-fueled bird-watching project for the maintainer. It's not a "nice thing" at all it's an out of place paternalistic nudge that makes teens feel unsafe in their neighborhood.

The only nice things that comes from them are teens "blowing them up", artists vandalizing them or homeless/vagrants selling the books.