Interest in Historic Preservation Growing in Detroit
Efforts to keep history alive through buildings; use of tax credits
Demand for housing and retail space in Detroit is continuing to add jobs to the construction industry, especially in areas near downtown. An Urban Institute study shows commercial construction and rehabilitation investment, increased to 770-million dollars in 2015. That’s twice what it was five years ago.
David Schon is a Detroit native and attorney at Nixon Peabody in Washington D.C. He’s an expert on historic preservation tax credits and has worked on a number of Detroit projects. He tells WDET’s Amy Miller there is a growing interest in preserving the city’s history through its buildings. He says historic preservation doesn’t necessarily cost more.
Click on the audio link above to hear this conversation
