Holien says decision on Wells Fargo building needs to be made soon (Audio)

October 3, 2023
Mike Tanner

WATERTOWN, S.D.–It has become a messy situation for the city of Watertown, but one that could have some resolution soon.

It’s the former Wells Fargo Bank building downtown, which the city bought for $1.3 million in November 2020.

Their plan, at the time, was to renovate it into a new city hall. But they got just one renovation bid, and it came in at a whopping $8 million dollars, which was well over budget.

They’ve since declared the building surplus property, which gives them the option to sell it to someone else.

Mayor Ried Holien provided KWAT News this update today….

The mayor says they’ve received just one offer to buy the building, and a decision needs to be made soon…

Meanwhile, the city continues to explore options on different locations around Watertown for a new City Hall, but that too remains unresolved.