JACKSONVILLE, Fla. -- Downtown Jacksonville will still see that Jaguar threatening to crawl out onto Bay Street. The historic Bostwick Building will not be torn down, after a demolition request was denied Wednesday afternoon by the Historic Preservation Commission.

The owner, Carl Bostwick, filed the permit to demolish the building because it was simply too expensive to maintain after City of Jacksonville fines.

First Coast News spoke to Bostwick after the meeting. He says he'llcontinue to seek the permit, because it makes the most economic sense.

The Commission faced the difficult decision during a heated meeting.

"These are the qualities as a city we should embrace and ensure that this preservation attitude stays intact," said Bostwick support Chris Flagg.

"If we cant save a building with this kind of prominence and visibility then we are sending a message to the real estate community and business community and to the world that all the other historic buildings are even more difficult to save and if we lose this one why try and save the others?" asked Oliver Barakat.

This issue goes on to City Council in a couple weeks, and they'll discuss giving the building an historic landmark designation.

"I think at the end of the day, the most important is to preserve the building first and then look for solutions to its ultimate restoration," said Angel Schifanella, Chairman of the Jacksonville Historical Preservation Commission.

"I think now we are in a waiting game. The Jacksonville historical society needs to step up. We need to go to the city administration and do what the mayor has so generously promised to do. Cut through the city government red tape and these recurring fines on properties," said Emily Lisska of the Jacksonville Historical Society.

The building has been in the Bostwick family since about 1830 and survived the Great Fire of 1901.