Historic tax credits spark Middletown revival plans
In Ohio, historic tax credits fuel rehabilitation of downtown Hamilton and spark Middletown ambitions. Coon Restoration leads projects on Rose Furniture and Hamilton Lofts while Sorg Opera House owners pursue credits to revive Middletown. The program, backed by state and federal credits, supports up to 25 percent of project costs with a $5 million cap, and could reshape local development while lawmakers debate reforms.
MENTIONED IN THIS ARTICLE
Hamilton
Coon Restoration and Sealants
Steve Coon
Rose Furniture
Middletown
Historic Rose Furniture LLC
Sorg Opera House
Ohio
Ohio Development Services Agency
Stephanie Gostomski
Coon
Mercantile
Hamilton Lofts
Hamilton Journal News
Sorg Opera Revitalization
Rose
Chuck Miller
SORG
Miller
Denise Hamet
Hamet
Gostomski
Congress
National Trust For Historic Preservation
Washington, D.C
Tom Cassidy
The
National Trust
Ronald Reagan
Cassidy
Cleveland
Rock and Roll Hall of Fame
NFL
NBA
MLB
Ohio Historic Preservation Tax Credit Program Overview
The Ohio program offers a 25 percent tax credit to owners and long term lessees for rehabilitation projects on eligible historic buildings. Enacted 2006 2008 amended 2011 renewed 2011 it applies to National Register listed properties district contributors or local landmarks and requires work to meet the Secretary of the Interior standards.
MENTIONED IN THIS ARTICLE
Ohio General Assembly
Ohio
National Park Service
U.S. Secretary of the Interior
Detroit bankruptcy suits frozen as judge clears path
Federal Bankruptcy Judge Steven Rhodes halted three state suits challenging Detroit's Chapter 9 filing and upheld a permanent freeze. The decision centralizes control in the federal case, preventing parallel action in Ingham County as Detroit restructures about 18 billion dollars. Protesters and creditors packed the Detroit courtroom, with Kevyn Orr seeking to shield the city from conflicting litigation.
MENTIONED IN THIS ARTICLE
Detroit
U.S
Steven Rhodes
Ingham County
Rick Snyder
Jurisdic
Rhodes
Heather Lennox
Kevyn Orr
Wall Street
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