Duluth Planning Commission supports aid for conversion of school to apartments
A proposed tax-increment financing package will head to the Duluth Economic Development Authority and then the City Council for consideration. Written By: Peter Passi | ×
Historic Old Central High School in Duluth on July 9, 2020. (Tyler Schank / File / News Tribune)
Members of the Duluth Planning Commission unanimously voted in support of a resolution to modify a development district, opening the door for the city to offer tax-increment financing Tuesday night to help redevelop the Historic Old Central High School property into rental housing. But additional bodies will need to weigh in before the city can offer any tax subsidy to the would-be developer, Saturday Properties.
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
Fox21Online
May 10, 2021
DULUTH, Minn. A famous landmark in Duluth is officially being sold.
The historical Old Central High School is selling for $3 million dollars to Saturday Properties, which intends on restoring the property and maintaining its historic beauty while turning it into 121 housing units.
Superintendent John Magas, says the school is one of the most iconic buildings in Duluth, which is why it is good to know the school will maintain its image, “so I think it’s important for us to know that the history of this beautiful building will be preserved for generations to come”.
The building will be named Zenith DCHS after a yearbook title at the former school, and will need close to 49 million dollars in renovations. The developer hopes to secure tax credits to help cover some of that cost.