The old electric building on Water Street in Peru may look interesting and historic, but inside it’s filled with asbestos. The city has been advertising the building for sale for about two years.
Alderman Ron Wren says the only people who have shown interest have only wanted to remove fixtures and materials, but not purchase the building.
A man with a salvage company in Ohio, A-Unified, is in talks to buy the building for one dollar, salvage items of value, remove the asbestos and demolition it. The property would then be sold back to the city for one dollar.
But city officials have a few concerns. They want to make sure they have a contract that would prevent the company from scrapping and running. They also wonder about the north wall of the building that is likely providing support to a neighboring railroad line.
Wren says the building is easily over 100 years old and is on a flood plane. It houses a steam turbine that was installed 50 years ago.