April 8, 2009 Edition

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AHPP to meet with
Downtown Walnut Ridge

The Arkansas Historic Preservation Program will hold a public meeting in Walnut Ridge on Thursday, April 16, to discuss the possibility of listing Walnut Ridge's historic downtown area in the National Register of Historic Places.

The meeting will be at 5:30 p.m. at the Lawrence County Meeting Room, located at 115 West Walnut Street, and will take the place of the regular Downtown Walnut Ridge meeting.

AHPP Director Frances McSwain said placement on the registry could help spur rehabilitation of historic commercial buildings.

"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 nomination will allow the AHPP to make the maximum number of buildings possible eligible for that tax credit."

Benefits of historic 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 value.

For more information, call the AHPP at 501-342-9880 or e-mail mark@arkansasheritage.org. The AHPP website is located at www.arkansaspreservation.org.

All Downtown Walnut Ridge members, downtown business and building owners and anyone interested in the project are invited to attend.

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