During my tenure with Pennsylvania’s Historic Preservation Office, I reviewed numerous legislative drafts for the long-awaited Pennsylvania Historic Preservation Tax Credit program. Early drafts included a historic homeowner component. Later versions proposed grants instead of tax credits. All dozen or so drafts were bypassed in the legislative process until the approval of the Pennsylvania Historic Tax Credit program in the Fiscal Year 2012-13.
After a successful launch of the program in Fiscal Year 2013-14, I was eagerly anticipating the approval of the first historic tax credit project. My money was on a project from Philadelphia or Pittsburgh. These two cities received the most state tax credit allocations and have a long track record for project completion. To my surprise, those two cities will need to take a back to seat to the Flagship City of Erie – our Gem City situated on the sparkling water of Presque Isle Bay and Lake Erie – and the striking rehabilitation of the CF Adams Building by the Erie Insurance Exchange. Continue reading
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