THOMASVILLE, NC -- An abandoned Thomasville Furniture factory, deemed a public safety hazard, needs to be torn down sooner than later, according to the Thomasville City Council.

The council voted Tuesday night to send a letter to the Randolph Bank, owner of the property, to commit to a time line for demolishing the crumbling building dubbed "Plant B", according to The Dispatch.

The bank reportedly took ownership of the more than 100-year-old factory via a foreclosure in May 2010. A spokesman for the bank said bids are being solicited to raze the building and that it would likely cost several hundred thousands of dollars to do so, including for asbestos abatement.

Fox 8 reported that the plant sits on a flood plain, making it more difficult for it to recoup the cost of demolishing the building by redeveloping the land.