Daily Jigsaw: Historic Memphis
Challenging historic redevelopment projects like the Sterick Building and 100 N. Main St. could get a boost if the state starts offering historic tax credits, developers, preservationists, and state officials say.
As it stands, Tennessee is surrounded by states that do offer the tax credits, putting local projects at a competitive disadvantage, officials say.
The National Trust for Historic Preservation has a map on its website showing the states that offer historic tax credits: Tennessee is a gray mark surrounded by a sea of blue-marked states that offer the credits.
These state credits could especially benefit Memphis — particularly Downtown, where buildings listed on the National Register of Historic Places are eligible for historic tax credits.
Read the article here.
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