[6] When its original location was determined to become a science building, the university was quoted $125,000 in moving costs, and therefore planned to demolish the house.

However, CLU alumni were able to raise the amount in one day and were successful in saving the house.

[12] A bronze statue of Lars Pederson was dedicated on April 18, 2015, next to the flagpoles near the university's Soiland Humanities Center.

[14] Pederson House and Water Tower was designated Ventura County Historic Landmark No.

45 in June 1978,[5] and was designated City of Thousand Oaks Historical Landmark No.