WJZ IN LONDON: Tune in NOW for the Ravens vs. Jaguars game | Expert Picks

WJZ FIRST WARNING WEATHER: Hurricane Maria Expected To Affect Mid-Atlantic Shores Next Few Days

Tax Credits To Help Pay For Restoration Projects

BALTIMORE (AP) — Maryland officials have announced $10 million in state tax credits to help pay for restoration projects at 10 historic buildings.

The latest Sustainable Communities Tax Credits were announced Monday. Since 1996, the state says nearly $350 million has been invested under the program.

The largest credit announced Monday is $3 million to convert the Baltimore Trust Company Building from an office building to residential apartments and commercial retail space. Another $2 million tax credit was announced to restore the abandoned Parkway Theater in Baltimore.

A $1.5 million tax credit also was announced to convert the St. Michael the Archangel Church Complex in Baltimore to commercial office space and residential apartments.

The state also announced a $1.5 million tax credit to renovate a former hotel building in Cumberland as residential apartments.

(Copyright 2013 by The Associated Press. All Rights Reserved.)

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Watch & Listen LIVE