To date, the tax credits have been used to bring forward at least 10 other projects in Duluth.
Heidi Swank, executive director of Rethos, a St. Paul-based nonprofit dedicated to the preservation and reuse of old buildings, said she had hoped for a longer extension but expressed thanks for the additional year lawmakers granted the program.
If not for the focus on the effects of the COVID-19 pandemic, Swank expressed confidence the credit program would have garnered enough support to gain a longer extension. Our plan will be to really spend time with legislators over the interim, educating them on the tax credit, taking them out to sites so the can see the projects the program supports and helping them get a better feel for the impact it has on our local communities, Swank said of the preparation for the next legislative session. We just need to do more education.
The Historic Tax Credit in Minnesota is set to sunset on June 30th. Supporters say they want it included in the budget bill, to keep preservation projects going.
Our View: Extend tax credits, continue preserving Minnesota s history
The debate in St. Paul hasn’t been over whether to extend the tax credits program but for how long
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News Tribune Editorial Board | 11:00 am, May 12, 2021 ×
The NorShor Theatre is one of at least 10 historic preservation projects that used state historic tax credits. (2018 file/News Tribune)
The very future of Duluth’s iconic and majestic Historic Old Central High School may depend right now on the same financial boost that at least 10 other historic properties in the city have received since 2010 before they all were restored and saved.
Minnesota’s Historic Rehabilitation Tax Credit is helping to protect our past and uphold our heritage, one restored old building at a time. The tax credit often provides the funding boost a project needs to become a reality. In its 10 years, the program has helped developers invest $1.9 billion in the state, spurring $3.5 billion of
Historic Duluth school sells for $3 million Construction is expected to begin after an October deal closing. The school s famous clock tower and bell will remain. May 7, 2021 6:39pm Text size Copy shortlink:
DULUTH – St. Louis Park-based Saturday Properties has agreed to pay $3 million for Duluth s Historic Old Central High School, an iconic landmark known for its clock tower.
Duluth Public Schools released details of the purchase agreement Friday in response to a public records request by the Star Tribune. It was the day after a Duluth News Tribune story questioned the district s denial of its previous request.
The company is seeking approval for state and federal historic tax credits critical for the project s financing, along with tax increment financing from the city. Construction is expected to begin after an October deal closing. The school s famous clock tower and bell will remain, along with many other
WDIO Created: April 14, 2021 10:06 PM
Historic Old Central High School in Downtown Duluth won t host school board meetings and district offices for long.
The school board has entered into a purchase agreement with developer Saturday Properties, based out of St. Louis Park, Minnesota.
On Wednesday, the developer shared more about their plans to convert the iconic Duluth building into apartments.
WDIO-TV/File
Mark Laverty, Director of Development for Saturday Properties said they are looking at creating 120 to 130 apartments.
“We ve kind of been between 121 and 130, looking at some areas if we can go units there or if it turns into amenity space,” Laverty said.