In 2022, Liberty struck a deal with the city of Concord and the New Hampshire Preservation Alliance to begin emergency stabilization work on the building, so that planning for protection and future use can continue.

The gasholder (which functions as a sort of lid on the tank) is 80 feet (24 m) in diameter, and is constructed out of metal plates riveted together.

[5] In late December 2020, Liberty Utilities stated, "The building is in poor condition and has become a safety hazard.

Since we are a regulated utility company, and since this building does not serve any purpose for our customers, we cannot justify investing heavily to save it.

"[6] However, the NH Preservation Alliance fought to stall the company's demolition efforts, listing the building as one of its "Seven to Save" in 2020 because of its architectural and regional significance.

[9] In April 2021, Liberty Utilities agreed to match funds from the anonymous donor and conduct emergency stabilization work.