The impact of historic tax credits on the revitalization in downtown Birmingham and other historic areas of Alabama is unquestioned. Our recently restored state HTC, when combined with the Federal HTC has helped make millions of dollars of investment happen. It is an incentive that brings a clear return to our cities, state and nation.
The existence of the Federal HTC is under threat. Right now, the House Republican proposal for tax reform eliminates the historic tax credit. This is despite its success over its more than 35-year history of revitalizing small towns, creating jobs and increasing economic activity, all while returning more tax revenue to the Treasury than it costs. Losing the Federal HTC will make the state HTC that we all just worked to get back much less useful and cripple revitalization efforts in downtowns.
We need you to act now to contact your member of the U.S. House of Representatives and Senate and urge them to save the historic tax credit. Go to savingplaces.org for more information and to directly contact your members of Congress.
This Friday, May 20th, we will be having a (20th) Street Party (which you can read more about here) to celebrate the end of our Birmingham Green Refresh! While this certainly calls for a celebration, the party doesn’t stop there. We will still be adding some finishing touches to the street after the (20th) Street Party. These additional touches will help make Birmingham’s main street more vibrant, interactive, and efficient! Additions will include smart trash cans, free libraries, street performers, and more!
We’ve talked about sports, but downtown has so much more to offer! Downtown Birmingham has so many experiences in store for you, which can also turn into life-long memories. And lucky for you, we’ve created a tool to make all that exploring so much easier!
We are approaching the finish line for the 20th Street Refresh, which calls for a celebration – and you’re invited! The City Center Business Improvement District (BID), funded by downtown property owners, is partnering with the City of Birmingham and REV Birmingham to celebrate a refreshed Birmingham Green. Come join the party on May 20th from 4 to 8 p.m (with a special celebration happening at 6 p.m.)!