Most of the religious and secular books available at that time in Central and Eastern Ukraine were printed on the paper produced in Radomysl.
The Radomysl paper mill's role was increased by metropolitan of Kyiv and Halych Peter Mohyla (1597-1647), who initiated reforms of the Orthodox education system in the Polish–Lithuanian Commonwealth.
Peter Mohyla invited German workers to Radomysl, who taught Lavra monks to work on new paper-making machines.
It was destroyed either during the Khmelnytsky uprising or during the so-called period of the Ruin – the struggle for power held by the gentry and Cossack leaders in the second half of the 17th century.
In 1682, King Jan III Sobieski issued a decree to render the town of Radomysl to the Uniate bishopric in Lviv.
Today the monument is the part of the "Radomysl Castle" historical and cultural complex created in 2007-2011 by well-known Ukrainian doctor and public activist, Olga Bohomolets, MD.