The renovation of the historic Open Air School building in Old North Columbus will be moving forward. The Ohio Development Services Agency announced today that the project was one of 24 statewide to be awarded Ohio Historic Preservation Tax Credits.
Also receiving credits were two downtown buildings – the renovation of the Winders Building, which will serve as the new headquarters for the Greater Columbus Arts Council, and the larger building next door to it, at 174 E. Long St. – as well as the redevelopment of the Hoster Brewery complex. That project also received credits last summer.
And on the Near East Side, a plan to renovate a historic building on Parkwood Avenue, across from East Side school, was awarded credits.
The tax credits, which are awarded by the state twice a year, are used by developers to help close funding gaps for historic renovation projects that would otherwise prove challenging to complete.
See below for more information on each of the local projects:
479 S. Ludlow (Hoster Brewery Complex)
Total Project Cost: $25,789,000
Total Tax Credit: $2,450,000
Address: 471 and 479 S. Ludlow Street, Columbus, 43202
Standard Building
Total Project Cost: $12,017,192
Total Tax Credit: $1,189,821
Address: 174 E. Long Street, Columbus, 43215
Phi Delta Theta House (Delaware)
Total Project Cost: $7,723,184
Total Tax Credit: $764,672
Address: 19 Williams Drive, Delaware, 43015
Open Air School
Total Project Cost: $6,147,521
Total Tax Credit: $250,000
Address: 2571 Neil Avenue, Columbus, 43202
48 Parkwood
Total Project Cost: $4,700,000
Total Tax Credit: $250,000
Address: 48 Parkwood Ave, Columbus, 43215
Winders Building
Total Project Cost: $1,557,775
Total Tax Credit: $250,000
Address: 182 E. Long Street, Columbus, 43215