Macon Leads the State in Historic Preservation Projects
According to a report issued by the state government in August 2013, Macon leads the state in the number of historic preservation projects this year, outnumbering Savannah, a city well-known for their preservation efforts. Macon filed 42 applications during the July 2012 – July 2013 fiscal year for historic preservations and certifications. There were 112 applications filed in the state of Georgia, and Savannah was responsible for 22 of those.
The push for historic preservation in Macon’s 14 historic districts has promising repercussions economically and culturally. Macon has already seen positive effects from the restorative programs in downtown, including increased revenue and tourism, a decrease in crime, and a strengthened economy overall. With over 6,000 historic buildings, the opportunities for continual renovation are not difficult to find.
Many investors and developers are attracted to the historic preservation program because of the tax incentives. The historic rehabilitation tax credit offered through the federal historic tax credit program can be a remarkably successful financial investment for a company. SPGG specializes in tax-driven real estate investments, and has unique experience with historic rehabilitation tax credit transactions because of their location in the heart of Macon.
Call us at (478) 254-8866 or contact us online to make an appointment to learn how SPGG can help maximize the potential returns on your historic real estate investment.