[4] It is classified as a national heritage site (Romanian: monument istoric) with LMI code TM-II-m-A-06152.

[1][8] Until 2012, it was owned by Aquatim (the company that manages the water supply and sewerage of Timișoara), after which it was taken over by the city hall.

[7] Before this, former mayor Nicolae Robu tried to sell the tower to private individuals, but local councillors struck down the project amid public uproar.

[2] Later, in 2018, the city hall announced its plans of setting up a small cultural café and a coffee museum inside the tower, dedicated to Francesco Illy, a Timișoara-born businessman who invented an espresso machine.

[7][9] The Iosefin Water Tower was included in 2020 in a large-scale, EEA and Norway Grants-funded project aiming at its transformation into a permanent cultural center with a café, an exhibition hall, a foyer and a belvedere.