Loveland Reporter Herald
By: Craig Young
LOVELAND, CO, May 20, 2013: A wrecking crew started knocking down the old Home State Bank building downtown Tuesday, and no one was more excited to watch the demolition than bank president Harry Devereaux.
"Oh wow! Whoa! Here we go," he exclaimed as a large excavator took bites out of the walls and roof of the
50-year-old building at 541 N. Lincoln Ave.
Devereaux recalled that when his late father, Jack Devereaux, bought Home State Bank in 1970, the building at Sixth Street and Lincoln Avenue was its only location.
Now Home State Bank has 11 across Northern Colorado, he said.
But far from being nostalgic, Devereaux seemed delighted with the demolition, which he drove down from his Fort Collins office to watch.
"This is actually kind of a happy day for me," he said as he stood just inside the construction fence. "This is an
investment in downtown Loveland This is a good thing."
Home State sold the former bank property to the city of Loveland in 2007 for a possible museum expansion. Last month, the city sold it to Fort Collins-based Brinkman Partners, which will build a five-story, 70-unit upscale apartment building on the lot once the old structure is cleared away.
Matt Johnson, Brinkman's construction superintendent on the project, said demolition could take as long as two
weeks, although by the time the American Demolition crew knocked off for the day, a good portion of the one-story bank had been reduced to rubble.
"This part's the easy part," Johnson said.
The building has concrete floors that are 14 to 16 inches thick and three vaults with reinforced walls that are just as thick, he said.
Workers have to cut off the walls below ground level and fill in the basement and tunnels under the bank, Johnson said.
As he ripped chunks from the structure, the excavator operator used his bucket and "thumb" attachment to sort steel decking and beams into one pile and aluminum pieces and copper pipe into another.
"They'll try to recycle as much as they can," Johnson said.
The demolition work attracted the attention of drivers passing the site on Lincoln Avenue, a small crowd of children and adults watched from the edge of the site and a few Lincoln Place residents had a luxury-box view from their balconies across the street.