Missouri Coalition for Historic Preservation and Economic Development

Articles

Submitted: 4/27/2007
Developers: Historic tax credits key to downtown renovations

by: Melissa Dunson, The Joplin Globe

When Jeff Neal bought the Columbia Traders building near Fifth and Main streets three years ago, he admits the idea of reusing historic buildings in an effort to save downtown districts and make a profit was “dicey” at best, and says it still is in many ways. “We shopped a business plan for a year before we found a bank that would bite,” Neal said.

But standing next to two other men during Friday’s Regional Economic Summit at Missouri Southern State University who have made the downtown-loft concept work in other parts of the state, Neal said the idea of sustainability is growing in popularity.


Submitted: 4/10/2006
Gillioz renovations enter final phase

By Cory Smith, Springfield Business Journal Staff

The dates are set. The activities are being finalized. The guest wish list has some big names on it. Twenty-six years of silence will be broken Oct. 12–22 at Gillioz Theatre, 325 Park Central East.   Dubbed Encore 2006, the reopening gala will feature a series of events marking the first performances at the 1926-built theater since 1980.

Submitted: 4/18/2005
Missouri Leads Nation with Private Investment of $350 Million in Historic Preservation

According to a recent report by the National Park Service, developers invested more than $350 million in the rehabilitation of Missouri buildings certified for federal historic preservation tax credits in fiscal year 2004.
 
In fact, Missouri leads the nation. The $357,783,822 invested by developers here is $134 million more than in Pennsylvania, ranked second, and more than twice the $157 million invested by developers in Illinois, which ranked third.


Submitted: 10/1/2000
Tax Credit Gives New Life to Historic Hotel Governor in Jefferson CIty

By Scott Hall, St. Louis Commerce Magazine, October 2000

The State of Missouri has multiple tax credit programs to provide incentives for investments and charitable contributions. This regular column features examples of how the various Missouri state tax credit programs benefit the state and the St. Louis region.

There is an old saying in the real estate business that alleges property can be valued by three criteria, “location, location, location.” That said,Jefferson City ’s historic Hotel Governor building remained empty for more than a decade despite being across the street from the majestic Governor’s Mansion and in the shadow of the Missouri State Capitol Building . The once prominent landmark that served not only as a hotel, but more importantly, as a nucleus of State political activity, was closed in 1988 and remained vacant for more than 10 years. Many worried that the building would never be renovated. Despite several attempts, the Hotel Governor remained abandoned, burdened by the great expense of suitable restoration. However, with help from the MissouriState and Federal Historic Tax Credits, an otherwise impossible renovation turned into a remarkable success.
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