BREAKING NEWS: New Owner for IOOF/Old Miami County Courthouse Secured
The controversial building has a new owner
On January 28th, The Troy Historic Preservation Alliance (THPA) announced a significant development in the ongoing effort to preserve and revitalize one of Troy's most iconic buildings. The IOOF building, also known as the old Miami County courthouse, located at 112-118 W. Main St., has been transferred to Glass City Developers LLC, an Ohio-based company owned by a local developer.
This transfer marks a crucial step in the building's journey towards full occupancy and restoration, a status it has not enjoyed for over eight decades. Glass City is currently exploring various options for the property's future, including its potential redevelopment as a mixed-use space or a possible sale to another interested party.
Judith Tomb, renowned for her successful development projects in Miami County and beyond, brings not only her expertise but also a deep appreciation for the area's rich history. Her involvement in this project demonstrates a commitment to preserving Troy's architectural heritage while ensuring its economic viability. Jeremy Tomb, Judith's son and an attorney with Waite, Tomb & Eberly, was also noted for playing a pivotal role in this endeavor, leading the legal battle that prevented the building's demolition.
The THPA's primary role in this process has been to secure funding for the building's stabilization and preservation. Through their efforts, over $1 million in charitable contributions and in-kind donations were raised, involving more than 340 individuals, businesses, and organizations. These funds have been crucial in covering repair costs, legal fees, and other expenses associated with the building's preservation.
As part of the transfer agreement, THPA will retain a perpetual conservation easement on the property. This measure ensures an additional layer of protection for the historic landmark, preserving its architectural integrity and maintaining the character of downtown Troy's streetscape. While the easement will limit certain modifications to the building, it also provides the flexibility necessary for adaptive reuse, striking a balance between preservation and practical development.
In their news release, the THPA board expressed both excitement and a touch of nostalgia as they pass on the stewardship of this historic treasure. They acknowledged the challenges that come with renovating historic commercial buildings but remain confident in the Tombs' commitment to downtown Troy's revitalization.
It's worth noting that this arrangement was not initially disclosed when the THPA assumed ownership in December 2023. The organization explained that Ms. Tomb had effectively held an option to assume ownership over the past year, allowing time for other potential buyers to come forward. Despite showing the property to various entities, no other suitable buyer emerged.
The THPA emphasized that even with the substantial charitable investment, the property does not represent a financial windfall for its new owner. Significant additional investment will still be required, particularly for the upper floors, which have remained unused for 86 years.
This transfer represents a milestone for historic preservation in Troy, Ohio. It showcases the power of community effort and the importance of balancing historical preservation with economic development. As the project moves forward, it promises to breathe new life into this cornerstone of Troy's architectural heritage, ensuring its relevance and vitality for generations to come.
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