The Geneva Public Library is hoping to purchase and demolish the former Touhey Insurance Building, in part to create more off-street parking in a neighborhood where on-street spaces are at a premium.
“We’re still under negotiations to purchase it, but we’re closer than we were sixth months ago,” library Director Chris Finger said.
The property listed under the estate of the late Harry Touhey of Touhey Insurance. The Touhey Insurance offices have moved to Pre-Emption Road.
Finger said the library is “doing our due diligence with the environmental assessment” of the property before the purchase is finalized.
“It (the purchase) is contingent on the results of the survey,” he said, stressing that the sales price, which he did not want to disclose, could also be affected by the environment assessment.
A building asbestos assessment has been done by a firm owned by Gordy Eddington of Geneva, Finger said, and the results indicate that is not a concern.
Finger said the next step after the purchase is to decide what to do with the space beyond the top priority of creating more parking.
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