It looks like the City of Fall River may need to restart the process of finding a buyer for the historic Bank Street Armory.
Mayor Paul Coogan tells us that interest in the historic armory by the American Numismatic Society, which is seeking a new home for its research collection and library, may be shifting to Toledo, OH.
Last year, the city council rejected a bid to sell the armory to local developer Alan Macomber, who sought to convert it into a mix of market-rate and affordable housing. Some councilors would like the city to restore the building for community use. The city estimates that between ten and twelve million dollars would be needed to renovate the building.
The mayor says if the museum decides not to pursue Fall River for its relocation, the city will again request proposals to redevelop the property.
