The Crook Inn in Tweedsmuir was a favourite haunt of literary greats Robert Burns and Sir Walter Scott. Burns even wrote a poem while perched at the bar.
Built in the 17th century it was once at the heart of the community but closed not long after celebrating it's 400th birthday.
For the last five years a local charity group has fought to prevent it being sold off to be converted into flats.
In March they signed a contract allowing them to buy and restore the Inn to it's former glory.
The deal was based on them being able to come up £160,000 by the end of 2012. Today they will announce if they have managed to hit the target.
A Scottish Borders community hope to raise enough money to buy their local pub by December this year. Residents of Tweedsmuir have already raised £110,000 towards buying The Crook Inn.
In March, a binding contract was made, meaning The Tweedsmuir Community Company could buy the former hotel for £160,000.
It has been closed since 2006, and the fabric of the building is starting to decay. The pub has been in the village since 1604, and has attracted visitors including Robert Burns and Walter Scott. If the community bid is successful, it's hoped the pub could bring nearly 20 jobs to the area.
It is hoped fundraising events including a Race Night and a virtual rally will help raise the final £50,000 in time.