BLOOMINGTON — Public hearings related to two recently submitted nominations seeking historic preservation S-4 designation for the downtown State Farm building will not take place next week.
The city's Historic Preservation Commission anticipated holding the hearings during its Sept. 19 meeting, but on Friday State Farm announced it had found an interested buyer and will cease plans to demolish the downtown building once the sale is finalized.
A nominating form submitted by local historian Greg Koos has been withdrawn, City Manager Tim Gleason said at the City Council's meeting Monday night.
“This is in recognition of the welcome sale of the building to a historic building redevelopment company,” Koos stated in a letter to Gleason.
“Given Friday’s great news regarding the building’s pending sale, this is absolutely the right move,” Gleason said. “It is the city’s wish to support the sale and redevelopment of this building however it is appropriate, and this meets that goal.”
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The commission's meeting at 5 p.m. Sept. 19 will still take place so it can consider other items.
City code allows anyone to nominate a single property to be considered for designation as a historic landmark subject to preservation under the zoning guidelines of a S-4 historic preservation district.
The 13-story, 90-year-old downtown building was the insurer's original headquarters and was used until January 2018, when the last of its employees were moved to other Bloomington offices. State Farm is working to sell the building to a Rockford firm that plans to renovate the building for 230 luxury apartments.
State Farm expects to open early next year the Good Neighbor Center, an interactive experience at the insurer's corporate headquarters in east Bloomington that will allow employees and occasionally the public to experience the company's past, present and future.
Many of the items for the center were removed from the downtown building, the company said in a statement.