January 14, 2009 Edition

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AHPP sets meeting on
downtown WR district

The Arkansas Historic Preservation Program will hold a public meeting at 5:30 p.m. on Tuesday, Jan. 27, at the Lawrence County Meeting Room to discuss a project to list Walnut Ridge's historic downtown area in the National Register of Historic Places.

AHPP Director Frances McSwain said the placement is being considered to try to spur rehabilitation of historic commercial businesses.

"We often receive calls from business owners seeking assistance in reusing their historic commercial structures," McSwain said.

"There is a 20 percent tax credit for rehabilitation of historic buildings for income-producing purposes if the buildings are eligible for the National Register. Pursuing historic district nominations will allow the AHPP to make the maximum number of buildings eligible for the tax credit."

Benefits of historic district designation include:

  • eligibility for federal tax credits for rehabilitation of historic buildings.

  • the prestige of having a National Register historic district.

  • heritage tourism.

  • grant possibilities for buildings owned by local government or non-profit organizations.

  • increased property values.

For more information, call the AHPP at 501-324-9880, write the agency at 1500 Tower Building, 323 Center Street, Little Rock, AR 72201, send an e-mail to mark@arkansasheritage.org or visit the agency's website at www.arkansaspreservation.org.

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