(Photo by David D’Agostino)

Apple is finalizing an agreement to open a flagship store at Carnegie Library in Mount Vernon Square, the Washington Business Journal reports.

Events DC, the city’s sports and convention arm, has been renting out the building as a special events venue, in addition to its role as the home of the D.C. Historical Society. But Carnegie Library was closed indefinitely at the end of September due to mold.

When we reported that the negotiations were under way earlier this fall, just over half of our readers said they were in favor of an Apple store in the historic location.

Now, Events DC is expected to approve a letter of intent at its board meeting tomorrow, according to WBJ.

“This repositions the Carnegie Library, which has been a really under-leveraged asset,” Events D.C. Chair Max Brown told WBJ. “Apple is investing tens of millions of dollars to restore this amazing building so we can provide an amenity for our 700,000 residents and 20 million visitors.”

The tech company will renovate the 63,000-square-foot space in a similar vein as flagship stores in London and San Francisco.

There is already a D.C. location in Georgetown. CityCenter DC, the luxury downtown a block south of the Carnegie Library, had also tried and failed to entice Apple to open up shop there.

The National Capital Planning Commission and the Historic Preservation Review Board need to give the go-ahead for any proposals regarding the 113-year-old building. They scuttled the last major redevelopment plan, which would have brought the Spy Museum to the space as a non-profit.