Kennebec Savings Bank Announces Augusta Expansion, Faces Backlash

UPDATE: Kennebec Savings Bank has just announced plans for a major expansion in Augusta, but the move is sparking significant local opposition due to the demolition of a historic building. The bank initiated the process on Tuesday, aiming to construct a new five-story office building that will accommodate over 100 employees and expand its main campus to occupy most of the block near Memorial Circle.

The controversial plans involve the demolition of a historic house at 15 Western Ave., an 1899 structure designed by renowned Maine architect John Calvin Stevens. Local residents are voicing their concerns over the loss of this architectural gem, as officials confirm that the new office project necessitates the removal of the building.

At a meeting of the Augusta Historic Preservation Commission, CEO Andrew Silby explained that two contractors estimated moving the house would be prohibitively expensive, with renovation costs potentially exceeding $2 million. “We worked very diligently to try to figure out what we could do with this building,” Silby stated, emphasizing the challenges of preserving the house.

The new office building requires 170 parking spaces to comply with Augusta’s parking regulations, further complicating the situation. The vacant house has not been listed in any of Augusta’s historic districts and lacks a designation on the National Register of Historic Places, which has led to the commission’s decision to impose a 60-day delay on the demolition. This delay is intended to allow for negotiations regarding the building’s fate.

Despite the absence of formal protections, commission members acknowledged the house’s historical significance. “I was really sad when I got this letter,” said commission member Cheryl Clukey, reflecting the sentiments of many locals who reacted with disappointment when the bank’s proposal surfaced earlier this month.

Kennebec Savings Bank’s project is still subject to further approvals from the city, including the Planning Board for zoning changes and the City Council for building height allowances. In a surprising twist, prominent local developer Richard Parkhurst publicly offered to buy and relocate the historic house, suggesting a simple move to the north end of the rotary. “Time is of the essence,” warned commission Vice Chair Gerald Bumford, stressing the urgency of the situation with only 60 days remaining before the demolition delay expires.

As discussions continue, the fate of the historic house hangs in the balance, with the community rallying around its preservation. The bank’s executives are keeping the lines of communication open, with COO Craig Garofalo indicating a willingness to negotiate with Parkhurst.

This developing story highlights the tension between urban development and historical preservation, making it a focal point for Augusta residents. Updates are expected as the situation unfolds, and community members are encouraged to engage in discussions about the future of this historic property.