The iconic Gold Dome now has a new owner. Teemco announced Friday they have bought the Route 66 staple.
Teemco is an environmental engineering company out of Edmond, but they say they will now be moving their headquarters to the Gold Dome.
"We're here to announce that Teemco has purchased the Gold Dome," Arrow Cunningham, the business development manager at Teemco said to applause Friday morning.
It is the announcement that many are hoping will finally put an end the Oklahoma City icon's troubles.
"The first go-round of this problem I was a picker outside on Classen to save this building, so we have been working very hard for many years to find the appropriate use," said OKC Ward 6 councilwoman Meg Salyer.
Picketers saved the historic dome from the wrecking ball in 2001. Then last year, it went under foreclosure. Developer David Box bought it, but didn't know what to do with it.
"I woke up at 8 a.m., showed up at an auction at 10 a.m. and at 10:05 a.m. I owned the Gold Dome," said Box.
Box finally found a buyer in Teemco.
"We feel to not restore it and revitalize it would be very unfortunate," said Cunningham.
But those high aspirations may come with a high price tag. Some say it may cost in the neighborhood of $2.5 million to get the building into working order. Cunningham admits they haven't looked closely into all that yet.
"Everything has happened so fast with the Gold Dome, the details are very limited right now. We haven't had time to sit down with an engineer or architect by any means."
However, Teemco says they are committed to doing what it takes to turn an icon that seems to have lost its luster into a golden opportunity.
Neither Cunningham nor Box is releasing how much the company paid for the building. Box bought it for $800,000 last September.
Cunningham says the company hopes to have all the details worked out on what they plan to do with the building at their groundbreaking in late July.