New tax credit could help preserve city’s historic places
Published 12:00 pm Friday, September 20, 2013
History peeks from behind colossal oak trees on Government Street, waiting to be recognized.
Many buildings endure prominently from the Port City’s past, while others stick around to decay.
But a new historic tax credit, approved by Gov. Robert Bentley in May, may help lift the lagging development into a new existence. The antidote could be the state’s $20 million worth of tax exemptions provided annually, some say, combined with federal tax exemptions.
Only time will tell.