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Plain Dealer Covers Revived State Tax Credit
presohio
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6-30-2008 9:59 AM
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preservation
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tax credit
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/2dda285d-0bc3-4ab8-9359-d37fd847c0ea/20345682-9941-45A0-982C-C9983592A9F8/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://blog.cleveland.com/business/2008/06/tracy_boulianthe_plain_dealerc.html" href="http://blog.cleveland.com/business/2008/06/tracy_boulianthe_plain_dealerc.html" style="font-size: 11px;">blog.cleveland.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blog.cleveland.com/business/2008/06/tracy_boulianthe_plain_dealerc.html"><div align="center"><img src="http://content7.clipmarks.com/blog_cache/blog.cleveland.com/img/96B3B259-3607-4850-A599-D306518AF1CE" alt="" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blog.cleveland.com/business/2008/06/tracy_boulianthe_plain_dealerc.html">Historic buildings across the state have a second shot at new life with the reincarnation of a popular state program that fizzled last spring. </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blog.cleveland.com/business/2008/06/tracy_boulianthe_plain_dealerc.html"><P><DIV>When Gov. Ted Strickland signed off on a $1.6 billion economic stimulus bill this month, he allocated $120 million in tax credits to help developers preserve and renovate historic properties. The credits, available starting in July 2009, could keep landmark properties in Greater Cleveland from sitting empty or sliding slowly into disrepair.<SPAN><SPAN><A href="http://net.odod.state.oh.us/ohptc/ ">See winners and losers in the first round of the program</A></SPAN></SPAN></DIV> But Strickland's signature did not end intense debate surrounding the credits. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blog.cleveland.com/business/2008/06/tracy_boulianthe_plain_dealerc.html"><P> And though the bare bones of the program are clear - $60 million per year for two years, no more than $5 million per property, with the bulk of the credits going to projects that missed out last time - the details remain murky. </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/20345682-9941-45A0-982C-C9983592A9F8/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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