Can state tax credits bridge the multi-million dollar gap for Memphis’ historic landmarks?
Ethan Knight (left) and Stuart Harris (right) lead a tour of the Sterick Building. (Mark Weber/The Daily Memphian)
Challenging historic redevelopment projects like the Sterick Building and 100 N. Main St. could get a boost if the state begins offering historic tax credits, according to developers, preservationists and state officials.
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.
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Sterick Building Tennessee Historical Commission John Gillespie stuart harris Gary Prosterman Ethan Knight Development Services Group Memphis Heritage Subscriber OnlyThank you for reading The Daily Memphian. Your support is critical.
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Andy Ashby
Andy Ashby covers commercial real estate and economic development. He has worked locally at the Germantown News, the DeSoto County Tribune, the Daily News and the Memphis Business Journal. He graduated from the University of Tennessee, where he photographed the 1998 National Championship game. Email tips or story ideas to aashby@dailymemphian.com
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