They'll never stop having them, of course. What they will stop having -- and probably sooner than any of us imagine -- are physical libraries with shelves of books.
Because they won't need them. At a point, every book printed will be available online. Why will we need the enormous expense of having copies of books there for the Luddites who won't read online?
Here's a good summary of accreditation for American universities. Here, specifically, is the requirement for libraries. This requirement is becoming more dated as we speak.
"Every accredited university must have an adequate library, to support scholarly research by both students and faculty. Most major universities have a total of more than 5 × 105 volumes of scholarly books and periodicals in the several libraries on their campus."
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