The Knapp's Centre renovation project by Quinn Evans Architects is featured in an article by Preservation Magazine.
The article, written by Dennis Hockman, references the use of the Federal Historic Tax Credit program for preservation projects. For the Knapp's Centre, the entire facade of the building was funded in part, with the use of this federal law.
The Empire State Building. The San Francisco Ferry Building. Faneuil Hall. Grand structures around the United States stand as icons of their cities today, in part because of the 36-year-old federal historic tax credit (HTC) program.
Designed to provide a 20 percent income tax credit for the rehabilitation and commercial use of certified historic buildings as long as work complies with the Secretary of the Interior’s Standards for Rehabilitation, the HTC program has made it possible to adapt more than 41,250 buildings for productive use. It’s also created 2.3 million jobs and leveraged nearly $117 billion in private investment.
- Dennis Hockman