- Associated Press - Monday, January 13, 2014

BURLINGTON, Iowa (AP) - Officials in Burlington are considering creating a Downtown Commercial Historic District that would encompass 122 historic buildings and make the sites eligible for tax credits.

The Hawk Eye reported (https://bit.ly/1gAOfHd ) Monday that property owners are encouraged to attend a meeting Tuesday, when the Burlington Historic Preservation Commission will discuss the proposed district.

If the district is added to the National Register of Historic Places, property owners would be eligible for federal and state rehabilitation tax credit programs.

A federal program provides a 20 percent credit on rehabilitation costs for income-producing properties listed on the national register, said Eric Tysland, Burlington’s community development and parks director. The state offers a 25 percent refundable income tax credit for residential or commercial properties.

Property owners also could apply for competitive matching grants up to $45,000.



Tysland said the city now has six historic districts. Several sites in the proposed district already are listed on the national register.

The proposed district would include much of downtown Burlington, from the Mississippi River west to Fourth Street, then continuing west along Jefferson Street.

“The proposed historic district would include 122 historic buildings, primarily related to the commercial history of Burlington from 1865 to 1967,” Tysland said.

Tysland expects a nomination for the district to be ready by summer and to go to the State Nomination Review Committee in October. It the state committee recommends the district for listing, the nomination would go to the National Park Service.

___

Information from: The Hawk Eye, https://www.thehawkeye.com

Sign up for Daily Newsletters

Manage Newsletters

Copyright © 2020 The Washington Times, LLC.

Please read our comment policy before commenting.

 

Click to Read More and View Comments

Click to Hide