Desiring to construct a new, larger house on the site, the current owner filed an application to demolish the historic Libbey House in March 2009. Given the significance of the resource, the Town of Coupeville is requiring that an Environmental Impact Statement (EIS) be prepared and has invoked a mandatory two-year waiting period required whenever demolition is proposed for a Class I historic structure.Despite this, the concern is that the owners will continue on the path towards demolition.