About a year ago, Bernalillo County voters approved $800,000 in bond money to save the old Jones Motor Co. building.
But Kelly's Brew Pub beat the county to the punch with a plan to expand its operations inside the Not Hill building.
Now the county must find another project to spend the $720,000 in bond money that remains.
County Commission Chairman Tom Rutherford, who represents the area, said he would like to see a "community center-type project" but wants to make sure the Kelly's project "get off the ground."
"I'd hate to have us move forward and have that deal fall apart and lose the building a second time," Rutherford said Tuesday.
Kelly's co-owner Janice Bonfantine said the renovation is still on tract but has taken longer than anticipated. She said cold weather has slowed work on the building's exterior while ordering supplies in keeping with the building's historic character also has contributed to the delay.
"We're thinking we should have it ready by the end of March," Bonfantine said.
In October, the commission withdrew its threat to seize the Jones building and agree to spend $80,000 of the bond money to buy a facade easement to ensure the building's