Columbia, SC (WLTX) - The Columbia City Council has voted to enter into a contract to purchase the historic Palmetto Compress Building.
Only one member of council, Councilman Moe Baddourah, voted against the motion put forward by Mayor Steve Benjamin.
"Let's work to make sure this very important gateway building gets our special attention and work to make it happen," said Benjamin.
The vote allows the city manager to draft a purchase contract that members of council will have to review over two readings before they're able to sign.
During the council's work session Tuesday, Councilwoman Leona Plaugh suggested an appraisal on the property be updated.
Councilman Cameron Runyan expressed hope the building would be back on the city's tax roll in "the next couple of years."
I do believe there are several incentives that will not only make this a smart investment for the people of Columbia but for also for the private sector," said Benjamin.
The mayor noted that already the city has received interest to make the building a hotel site, entrainment space, or a museum in the future.
There are a number of different ways we can think outside the box," said Benjamin. "I believe in a record period of time, we can put this building on the path so that not only those in this room but our children will be very proud of how we came together to make this happen."