Should the state re-authorize and re-capitalize the historic-preservation tax credit program?

STATE HISTORIC-PRESERVATION TAX CREDITS are allowing developer Larry Silverstein, president of Baltimore-based Union Box Company, to launch into a $35 million project to turn the former Pontiac Mills in Warwick into housing and commercial space. / PBN FILE PHOTO/MICHAEL SALERNO
Since its creation in 2001, Rhode Island's Historic Preservation Tax Credits have attracted $1.3 billion in private investment, while costing the state $350.7 million in lost tax revenue. It was a successful program and one of the reasons that Rhode Island enjoys such a good reputation for having well-preserved and updated historic structures that people…

Want More Free?

To access 2 more articles, please log in or register for free.

Registered users get access to a limited number of free articles every month.

Register Now

Already registered? Login to access more free articles.

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -