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Historic Tax Credits to Boost Cleveland Neighborhood
presohio
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1
9-16-2008 5:43 PM
493 views
tags:
preservation
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ohio historic preservation tax credit
,
cleveland
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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/f7503255-9f90-47e3-8dd6-eb16d82d1227/318B7CB4-824E-41E4-A9B9-258F8C84FDEC/" 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/2008/09/buckeye_area_of_cleveland_bein.html" href="http://blog.cleveland.com/business/2008/09/buckeye_area_of_cleveland_bein.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/2008/09/buckeye_area_of_cleveland_bein.html"><div align="center"><img src="http://content6.clipmarks.com/blog_cache/blog.cleveland.com/img/87B145FB-79FD-4762-9329-FAB6CA5A03F9" 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/2008/09/buckeye_area_of_cleveland_bein.html"><P>The empty windows and scarred face of the brick hospital mask the energy brewing in blighted neighborhoods near Buckeye Road. </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/2008/09/buckeye_area_of_cleveland_bein.html"><P> At the heart of this slow reknitting of the urban fabric, the hospital waits. </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/2008/09/buckeye_area_of_cleveland_bein.html"><P>That could change this month, however, when state officials expect to announce awards of tax credits critical to preserving and reusing the historic building. The tax credits, a key piece of a complex financing puzzle, would allow a nonprofit group and a private developer to begin, finally, turning the hospital into apartments for the elderly. </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/2008/09/buckeye_area_of_cleveland_bein.html">And, proponents say, it could create a model for diverse, sustainable neighborhoods that bring together young families and the elderly, workplaces and homes, education and transportation and Cleveland's history and its future. </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/2008/09/buckeye_area_of_cleveland_bein.html"><P> "Look at the scale of this project," John Hopkins, executive director for the Buckeye Area Development Corp., said while pointing to a development plan. </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/318B7CB4-824E-41E4-A9B9-258F8C84FDEC/blog/" title="blog or email this clip"><img src="http://content7.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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