Cuyahoga Falls, OH - Theater rehab project in Cuyahoga Falls receives historic state tax credit
From the Cuyahoga Falls News-Press: The Falls Theater rehabilitation project is getting state assistance.
On June 26, the Ohio Development Services Agency awarded $27.8 million in Ohio Historic Preservation Tax Credits to 26 applicants to rehabilitate 39 historic buildings, including the Falls Theater. Together, the projects are expected to leverage approximately $261.4 million in private investments in 14 communities.
“Preserving these historic buildings will help revitalize neighborhoods and downtowns,” said David Goodman, director of the Ohio Development Services Agency. “Historic rehabilitation transforms underutilized properties into assets for communities.”
The Falls Theater, at 2218-2220 Front St., was approved for a $249,999 tax credit. The total estimated cost of the project is $1.27 million.
The historic Falls Theater space has two storefronts and four apartments on the second floor that have been empty for more than a decade, according to a news release from the Ohio Development Services Agency. Tax credits will help transform the theater space into a microbrewery and restaurant. The commercial and apartment spaces will be renewed for their original intent. The project is part of a newly revitalized Front Street.
Full story at: http://fallsnewspress.com/news%20local/2016/07/03/theater-rehab-project-in-cuyahoga-falls-receives-historic-state-tax-credit
ABOUT THEATRE HISTORICAL SOCIETY OF AMERICA: Founded by Ben Hall in 1969, the Theatre Historical Society of America (THS) celebrates, documents and promotes the architectural, cultural and social relevance of America’s historic theatres. Through its preservation of the collections in the American Theatre Architecture Archive, its signature publication Marquee™ and Conclave Theatre Tour, THS increases awareness, appreciation and scholarly study of America’s theatres.
Learn more about historic theatres in the THS American Theatre Architecture Archives and on our website at historictheatres.org