A little history, before it's history: The Building of the Southwest

MIDLAND, Tx (KOSA) -- The Building of the Southwest has sat on the corner of Big Spring and Texas Ave since it was built in 1964.

It was originally home to First State Bank.

Three more stories were added to the tower in 1967 when Bank of the Southwest took over. That's how it got its name that we still use today.

Architect Mark Pelletier said he uncovered some more history while looking through the plans for the add-on.

"It gave us a little more information. Actually in the basement, at some point, there was either a nightclub or a bar that was occurring down there." Pelletier said. "Then, I think, there was a lot of petroleum involved companies that were inhabiting that building over the years."

The Building of the Southwest has been apart of Downtown Midland for half a century.

Some think it's an eyesore, others believe it's a piece of history, but soon it really will be history.

The City of Midland has partnered with a demolition crew to implode the vacant building on Saturday.

"I think over the course of the last 20 years, and what has happened to it, its kind of lost its historical charm," Pelletier said.

Pelletier said he doesn't know what will take its place in the fast-growing tall city. Although, with the old building gone, he hopes it will help reinvent downtown.

"Right now once businesses close on Friday at 5 o'clock, there really is no reason to be downtown," Pelletier said. "One of the things the city really has to do is get something going, so that we can actually use the downtown on the weekend - actually make it more vibrant and get more activity downtown."

The implosion of The Building of the Southwest is this upcoming Saturday at 8 a.m. We will start our live coverage at 7:45 a.m.