Posts Tagged ‘state historic tax credits’

Success Story Sunday: From Boots & Shoes to Station Lofts

| June 22nd, 2014 | No Comments »

photo 2

Capstone Construction has recently completed their successful transformation of the former Lilly Brackett Boot & Shoe Factory to the Station Lofts in Brockton, MA. Situated in the heart of downtown Brockton, the 1880’s factory was once the leading manufacturer of quality men’s boots and shoes.

 

photo 3

The conversion to Station Lofts was completed in November 2013 and the building was fully occupied by December 2013. 25 apartments now make up Station Lofts. The interior and exterior display a unique blend of history, community, sustainability, and comfort. Through historic artifact displays, exposed brick and beams, and large windows flooding the building with natural light, there are reminders of what the Station Lofts once was.

 

photo 1

The adaptive reuse project brings the benefits of historic preservation to Brockton, one of Massachusetts’ Gateway Cities. This was the first project in Brockton to apply for and utilize Massachusetts Historic Rehabilitation Tax Credits and is a catalyst for economic development and revitalization efforts within the city.
Jason Korb, Principle of Capstone Communities said “The building’s adaptive reuse preserves Brockton’s significant manufacturing history and transforms the building into a use that provides high quality housing to hard working individuals and families.”

photo 4

Station Lofts Opening Celebration

| June 17th, 2014 | No Comments »

Station Lofts building

Join us in celebrating the official opening of the Station Lofts in Brockton, Mass on Thursday June 19th at 9:15am. Capstone Communities recently finished up the rehabilitation of the former Lilly Brackett Boot & Shoe Factory, located in the heart of downtown Brockton.

There will be a speaking program at 9:30am with tours of the building immediately thereafter, featuring displays of Brockton’s history.

To learn more about Station Lofts, visit there website

 

 

Be sure to check our website again on Sunday to see photos and read about the successful transformation of Station Lofts!

 

Jobs, Revenue & Revitalization: The MHRTC

| October 26th, 2011 | No Comments »

Preservation Massachusetts has just released our updated economic review of the Massachusetts Historic Rehabilitation Tax Credit Program: Jobs, Revenue and Revitalization. This is the second edition of our economic update on the effectiveness and impact of this important program. Since April, 2004, this credit has demonstrated the economic benefits of historic preservation while revitalizing our neighborhoods, preserving the historic fabric of our Commonwealth and reenergizing our communities.

With great foresight the Massachusetts Legislature enacted the State Historic Tax Credit by adding it to an economic stimulus act. Since then credit has given back to Massachusetts through private investment, job creation and tax revenues. The program’s steady growth over the past seven years prompted a coalition of organizations, led by Preservation Massachusetts, to quantify the credit’s impact on Massachusetts,

Download a PDF copy today or contact Preservation Massachusetts’ office for information on how to receive a print copy.
The MHRTC: Jobs, Revenue & Revitalization

Court Decision Threatens to Decrease the Value of State Historic Tax Credits

| May 12th, 2011 | No Comments »

A recent decision by the U.S. Court of Appeals for the Fourth Circuit in Virginia threatens to decrease the value of state historic tax credits, and undermines the financing of landmark historic preservation projects nationwide. Now, with the future of state historic tax credits—in Virginia and elsewhere—at stake, the National Trust for Historic Preservation is joining its preservation partners in the Fourth Circuit and nationwide in calling for the Court of Appeals to reconsider this ruling.

Learn more about the Virginia ruling on Preservation Nation and read the National Trust’s response.