- Associated Press - Sunday, October 11, 2015

SPOKANE, Wash. (AP) - Spending on historic preservation in Spokane is on the rise.

The Spokesman-Review reports (https://is.gd/nop8ZT ) the owners of 23 projects are seeking $39 million in property tax exemptions this year, a new record for Spokane. A dozen of the projects are downtown, and most of those involve multimillion-dollar investments.

The previous property tax exemption record was $27 million in 2002, the same year the Davenport Hotel reopened. A year ago, the City-County Historic Preservation Office processed just $1.7 million in property tax exemptions for four projects.

The city-county historic preservation officer says the increase in historic preservation reflects the improved economy as well as Spokane’s dedication to its historic buildings.

Building owners can get tax breaks by having their properties listed on the Spokane Register of Historic Places. Then they can apply for the rehab tax exemption.



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Information from: The Spokesman-Review, https://www.spokesman.com

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