The site was then bought by O'Neill Properties Group, a company specializing in the renovation and revitalization of disused or potentially dangerous parcels of land.

Early in the morning of November 9, 2016, fire engulfed a large section of the abandoned property, destroying several of the historic mill buildings.

[3] The rest of the Bancroft Mills, including its last remaining chimney and factory buildings along the creek, were completely demolished after the most recent fire.

The land was next purchased by Delaware-based real estate company Capano Management, which has been rebuilt into new luxury apartment homes called The Falls.

Ban-Lon is a type of rayon that is bulkier than standard yarns and Everglaze was a cotton finishing process that made the fabric more dense like wool.

[6] The sponsorship was an effort to promote its patented textile production processes by having Miss America contestants wear clothing made of Ban-Lon and Everglaze.