Tax Credits For Residential Historic Projects Panel Discussion Jan. 22

By SHANNON HICKS

Published: Jan 16, 2009 12:00 am

BRIDGEPORT â The State of Connecticut has recently made available up to $50 million in State Historic Tax Credits for the rehabilitation of commercial and industrial properties on the state or national registers of historic places into mixed residential and commercial properties.

This $50 million is in addition to an existing annual $15 million allocation of state tax credits for residential projects and the as-of-right, uncapped federal historic tax credit.

On Thursday, January 22, The Barnum Museum will host âFederal and State Historic Tax Credits,â a panel discussion to run from 3 to 5 pm. The panel will discuss how to access the federal and state historic tax credits and provide examples of projects that have used federal and/or state credits to finance redevelopment.

Panelists will include Al Shehadi from the National Trust Community Investment Corporation, located in Greenwich; Todd Doyle from Shipman & Goodwin, LLP, in Hartford; and Will Ingraham of GDC Properties, Inc, Hawthorne, N.Y.

Staff from the Connecticut State Historic Preservation Office will also be on hand to assist with inquiries about the state.

To register for the seminar or for additional information call The Barnum Museum at 203-331-1104, extension 101, or send email to DSaviello@barnum-museum.org. There is no charge to attend. Free parking is available in the Peopleâs Bank Parking Garage.

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The voters certainly spoke — and I respect the outcome — but let’s not forget that a “majority” doesn’t mean everyone agreed. Many of us are deeply concerned about the rising cost of living here. Supporting schools and services is important, but so is ensuring that residents can afford to stay in the town they love. We all want Newtown to be a great place to live, but lately, it’s starting to feel less like “Nicer in Newtown” and more like “More Expensive in Newtown.” That’s not sustainable, and it’s not a criticism of the town itself — it’s a call for responsible budgeting and long-term planning that doesn’t rely on tax increases year after year. I hope future decisions will reflect not just the desire to maintain services, but also the need to ease the financial burden on residents.

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I appreciate the passion behind this message, and I absolutely understand the desire to invest in our town. That said, I voted no — not because I don't care about Newtown, but because I do. Fiscal responsibility is not about ignoring problems, it’s about making sure we address them in a sustainable and transparent way. It’s frustrating to feel like every year there’s a new “urgent” reason to raise taxes, with little serious effort to curb spending or prioritize needs. I worry this just sets the stage for another round of increases next year. That doesn't mean I’m against education, safety, or our town’s future — it means I believe in accountability and in asking tough questions about how our money is managed. Voting no wasn't a rejection of Newtown — it was a call for more thoughtful, balanced leadership. I hope future conversations can include all perspectives, not just those willing to write a bigger check.

The Voters Chose Newtown

The voters spoke, loud and clear that they support our schools and municipal services. The majority vote was a mandate to keep delivering well rated education services and keep it" Nicer in Newtown."

Great effort by the those who attended to shine a light on the attacks on Democracy. Thanks for the article so all can understand whats happening.

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Thank you LeReine, for speaking out about this. The list of public servants who are unfairly targeted for abuse just for doing their jobs has been growing. It is a testament to the power of propaganda that otherwise good and well-meaning people can get so emotional as to act out in this way.

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Tax Credits For Residential Historic Projects Panel Discussion Jan. 22

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