[A]mid an effort to revive a city mired in a crippling cycle of crime and unemployment, the Campbell Soup Company, Camden’s longtime and most prominent corporate resident, has proposed expanding its presence and transforming the area where the empty store sits into an office park.

The soup company is prepared to spend $72 million to improve its headquarters, and has also promised to help lure developers to an adjacent office park with the help of $26 million in state funds. But the company’s pledge comes with one nagging caveat: The Sears building, which is listed on state and national historic registries, must come down. If not, Campbell Soup, which has been an enormous presence in the city since 1869, may abandon Camden and go elsewhere.