Illinois Leads The Way For Historical Renovations
If you live in Springfield, you may have noticed there's a lot of empty space downtown that goes unused. But some people are trying to change that, by rehabbing historic buildings and turning them into residential space or businesses. Illinois tops the lists of states that used a federal tax incentive to rehab buildings that are privately owned and on the list of historical sites. Projects last year include an overhaul of Chicago's Wrigley Building, and Peoria's Hotel Pere Marquette.
Carol Dyson is a tax incentives coordinator and architect with the state's historic preservation agency. She joined us to talk about the effort to rehab dilapidated and historic homes and businesses:
For more info about federal historic preservation tax credits, click HERE.