CAMBRIDGE, Mass. — The future is uncertain for a historic newsstand at the heart of Harvard Square.

The Boston Globe reported Cambridge wants to invest nearly $5 million to renovate the brick plaza where Out of Town News stands.

The 500-square-foot brick kiosk and its surrounding plaza have been a gathering place for academics, students and residents for decades.

City officials have weighed designs for years and still haven’t settled on a final plan, the Globe reported. But they’ve expressed interest in redeveloping the kiosk for public rather than commercial use.

Out of Town News sells periodicals, souvenirs and snacks. Current owner Mike Patel says he’d like to remain in the storefront. The kiosk was originally built in 1928.