The plans to turn the basket into a luxury hotel will take place sometime in 2020, according to state Senator Jay Hottinger, R-Newark, who was on-hand during the announcement on Monday.
The co-owner of the building, Canton-based developer Steve Coon of Coon Restoration & Sealants bought the building in December 2017 for $1.2 million, according to The Columbus Dispatch.
“It’s an iconic building. To be put back into use would put a tremendous asset back into the community,” Hottinger told the Dispatch.
This story was originally published by WEWS in Cleveland.