The Alabama Historic Rehabilitation Tax Credit that was allowed to expire last year received a positive review from a recently released study by an economist from The University of Tennessee. The study was requested by Alabama Legislative leadership to determine the impact of the incentive to the state and recommend any improvements to the credit that may be called for. The study suggested that the credit has had a positive impact, rating it a grade of “B” and made recommendations to get to an “A”.
Senator Del Marsh said, “Overall the Historic Tax Credit is a good program that could be a great program with a few modifications. I look forward to working with my colleagues in the regular session as we attempt to re-establish the tax credit with the suggested improvements.”
That is encouraging news for Birmingham and historic areas across Alabama. REV looks forward to working for passage of a new Historic Tax Credit in the upcoming legislative session!
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.)!