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Post by Box_2565 on Dec 30, 2017 15:44:07 GMT -5
Buildings in Over-the-Rhine and College Hill land more than $800K in state historic tax credits to support redevelopment Randy Tucker, rtucker@enquirer.com Published 10:53 a.m. ET Dec. 28, 2017
The former Engine Company 22 firehouse in Over-the-Rhine has been assigned new duties with the aid of $250,000 in historic tax credits from the Ohio Development Services Agency.
Built in the early 1800s, the building at 222 W. 15th St. served as a Cincinnati Fire Department firehouse until 1940 before it was converted to an industrial building and later artist lofts.
Today, developer Jim Daniels plans to invest just over $1 million to rehab the building that has been vacant since 2015 into mixed-use office space with indoor parking and upper-floor rental units.
"The building probably would have been rehabbed, regardless, but the tax credits allow you do the buildings at a historically correct level,'' said Daniels, a Montgomery-based home builder who already has built nine townhomes on the same parcel as the old firehouse.
The firehouse was one of four projects in Greater Cincinnati that were awarded Ohio Historic Preservation Tax Credits from the state a few days before Christmas. In addition to the firehouse, the tax credits included:
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