Millions of dollars in tax credits for the renovation of more than 200 historic buildings and structures in central downtown could become available to developers if the City of San Antonio's application is approved to create a new historic district.
The city spent $45,000 on the application for an official designation in the National Register of Historic Places, in hopes it will fast-track downtown development in the area, which includes approximately 0.33 square miles from the River Walk tourist area to just north of the Tobin Center for the Performing Arts.
This new historic district would be the latest in a series of attempts by the city to revitalize the downtown area, but could preserving historic buildings discourage other investments?
Guest:
Shanon Shea Miller, director of the City of San Antonio's Office of Historic Preservation
Related links:
"City wants to designate most of central downtown as national historic district." San Antonio Express-News.
"New tax credit sparks activity across state." El Paso Inc.