 Little or no work was performed on the building's major components for almost 40 years; the structure's infrastructure was outdated with leaks and rot throughout.Jacksonville developer Vestcor began a historic preservation of the Carling in 2003 after obtaining a $16.5 million, 1.4% interest, 20-year loan and $5 million in grants, both from the city of Jacksonville.The company restored many architectural features which included Palladian windows, terrazzo floors, and the dual grand marble staircases leading from the lobby to what was the ballroom on the second level.