Wednesday, July 29, 2009

Governor Paterson will sign Historic Preservation Tax Credit TODAY!

Hooray! This is something we've been working on for what seems like eons. Thanks to all who placed calls or wrote letters to help make this success possible!!

The signing is scheduled for 1:00 p.m. at the Buffalo & Erie Co. Historical Society. We will have more details as the day unfolds so please check back for updates on this incredible event. Landmark Society Exec. Director Joanne Arany and Director of Preservation, Katie Comeau, will be present at the signing. ...please check back here, on our website or our Twitter.

This legislation improves the existing but underutilized New York State Rehabilitation Tax Credit programs to better serve municipal redevelopment and economic stimulus goals throughout New York State. An economic impact study recently conducted by HR&A Advisors of New York, an industry leader in economic development, real estate and public policy consulting, projects that the rehabilitation tax credit will spur over $500 million dollars of economic activity in New York State and create some 2,000 jobs over its five-year lifespan. (source: Preservation League of NY State)

If you'd like to learn more about this, The Buffalo News ran a terrific editorial on why this legislation makes sense. You can read it here.

Posted by Laura Keeney Zavala, Director of Marketing