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.
More top news
Wet and windy weather is causing widespread disruption across Cumbria and the south of Scotland, with more flooding expected today.
Sharon Grierson died in hospital from a lack of oxygen after a breathing tube was accidentally put into her oesophagus.
The boys, all aged under 16 and from west Cumbria, have been on trial at Carlisle Crown Court during the past fortnight.