Greenwood officially purchases Old Town tower

Greenwood city government has a new future home.

Mayor Mark Myers signed the paperwork to close on the $1.75 million purchase of the Presnell Cos. building, making the city the owner of Old Town’s tallest building. The four-story tower at the southwest corner of Main Street and Madison Avenue will become home to city offices that are now scattered across Greenwood.

With the purchase, Greenwood hopes to save money by no longer paying rent at an Emerson Avenue office, cutting down on travel time between buildings and sparking Old Town revitalization. Myers said he was making good on a promise to consolidate most city government offices into one building.

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