Worms revolution credits
It’s also essential to revitalize these historic buildings, she said, noting that the Pennsylvania Railroad Station will house a sit-down restaurant and several businesses once the project is completed. The project - which is nearly done and is slated to be celebrated with a ribbon cutting in late September - was only possible because of preservation grants and historic tax credits, which they have received federally and on the state level. The inside lobby, Evans said, is made of marble - and restoring it required them to order three slabs of different types of marble from Italy.
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The restoration project involved fixing a damaged roof, restoring masonry on the exterior and repairing the floor. “It was a really beautiful building that was on the brink of not being able to be saved.” “When we started construction, it was on the edge of being unsalvageable,” Evans said. The railroad station was built in 1916, but sat vacant from 1965 until a revitalization project started construction on the site again in 2017, said Tracey Evans, executive director of Wilkinsburg Community Development Corp., which is rehabilitating the historic building. The train station, listed on the National Register of Historic Places, received an allocation of $300,000 in tax credits for a construction project that will cost close to $4 million. In Wilkinsburg, the Pennsylvania Railroad Station will be rehabilitated into a multi-purpose venue with a restaurant.Several projects funded through the Historic Preservation Tax Credit program are located within Allegheny County. In all, there were 49 applicants who sought nearly $21 million in tax credits for construction projects totaling more than $394 million in estimated construction costs. There are 27 projects funded through the initiative this year. “With this funding, the awardees can modernize and bring new life to these spaces - resulting in new opportunities in places to live, work and play in neighborhoods across the state.” “The preservation of historic buildings in Pennsylvania is vital to simultaneously revitalize communities while still telling stories of the past,” Davin said. State investment in the program, through $5 million in tax credits, will help create an estimated $215 million in rehabilitation expenditures for projects that aim to “preserve historic buildings, revitalize communities and promote local economic development.”
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The latest recipients of the tax credits were announced Friday by Department of Community and Economic Development Secretary Dennis Davin and Pennsylvania Historical and Museum Commission Executive Director Andrea Lowery. Six historic buildings in Allegheny County have received Historic Preservation Tax Credits as part an effort to help preserve and revitalize the sites.