Tax Credits Provide Boost to Local Projects, including Long Street Renovation
The renovation of four buildings at the southeast corner of Front and Long Streets downtown will be moving forward now that the state has approved historic preservation tax credits for the project.
“We are now full steam ahead,” said developer Brad DeHays, adding that he plans to submit a formal proposal to the Downtown Commission in January.
The project – which calls for 40 “micro-apartments” over first-floor retail – is also being supported by the city’s Housing Works program, an initiative first laid out in Mayor Michael Coleman’s 2014 State of the City Address that is designed to encourage affordable housing close to job centers.
Housing Works funds have also been discussed in association with the first phase of a 13-acre mixed-use development in East Franklinton. That project is being developed by Casto and the Robert Weiler Company on land owned by the Columbus Metropolitan Housing Authority.
Also included as part of the $1.3 million tax credit for the Long Street micro-apartments is the parking garage at 52 East Long Street, which has been sitting vacant since being condemned in 2013. According to the press release issued by the Ohio Development Services Agency, the garage will rehabilitated and outfitted with glass curtain-walls that will enclose the upper garage floors.
Other local projects receiving historic preservation tax credits:
- The renovation of a “grand brick duplex” at 390-392 East Town Street, just west of the Topiary Park downtown.
- A comprehensive renovation of the Drexel Theater in Bexley.
- An adaptive reuse of the Worthington Masonic Lodge, at 634 High Street in the Worthington Historic District. The former lodge and museum would be converted into residences and commercial space.
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