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Old City Hall - Progress Report
We all know Tacoma’s Old City Hall has a water problem. As reported in the Tacoma News Tribune yesterday, the group that owns the building is also dealing with a bit of financial trouble. Foreclosure proceedings have been initiated by the bank holding the mortgage, which cited $156,000 in missed loan payments since February, over $100,000 in taxes owed and about $38,000 in various fees.
The ownership group expects to resolve these financial issues before Old City Hall is scheduled to be auctioned on January 7th. They have also reported that assessment of damage to the building has taken place (water mitigation and environmental studies) for insurance purposes, but that repair work is unlikely to begin until after the loan issues are addressed.
Tomorrow’s City Council study session will include an update on the status of Old City Hall (no public comment time). It should be interesting to hear what new information – if any – will emerge.
The unfortunate situation at Old City Hall has ignited serious discussion about Tacoma’s historic buildings. Since last year, the city has been preparing a host of recommended revisions to current development codes, with the goal of avoiding the deterioration and loss of historic structures. The savvy and experienced preservationists at Historic Tacoma have suggested that the City consider the creation of a Public Development Authority focused on the proactive protection and use of historic buildings.
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