Preservation politics

Scaling back historic tax credit will likely hurt economic development

It’s hard to miss: 2,000 light bulbs fixed to a towering 4,500-pound, 55-foot-tall sign suspended above the Orpheum’s marquee.

The State Street landmark, installed in July 2016, replicates the venue’s original sign to restore a cornerstone of Madison’s history. The new fixture, part of a larger renovation that began in 2013, relied in part on federal and state historic preservation tax credits. Without them, the sign’s rusted and unlit predecessor would likely have remained in place...

...But if the state Legislature this summer approves Gov. Scott Walker’s budget recommendation to limit the state’s historic tax credit program to $10 million annually, neglect could soon become the norm for a larger chunk of Wisconsin’s historic properties. The program currently does not have a limit....

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Ken Notes: I am not sure about this issue. I have used the credits to do great projects in Neenah and I have seen the credits abused and even used to take properties off the market that should have been sold. I do wish we had a priority system to ensure the best projects get funded...



- - Volume: 5 - WEEK: 15 Date: 4/13/2017 7:18:46 AM -