Governor Patterson's Historic Preservation Bill Will Help Syracuse

July 30, 2009--Governor Patterson's new historic preservation bill will benefits Syracuse by giving more tax credits for historic preservation projects. "We think that'll be another important tool in our efforts to encourage the rehabilitation of vacant or underutilized buildings in the city," Director of Economic Development for the city David Michael said.

The bill is supposed to help with the following:
- encourage developers to invest in urban neighborhoods
- create jobs
- increase property values
- revitalize historic areas

Michael said some projects with the Metropolitan Development Association have been put on hold because of financial problems, but the new tax credit will help complete those projects. He said that while he cannot offer specific numbers, the bill will help create temporary construction jobs for people in the Syracuse area.

Get this widget | Track details | eSnips Social DNA