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New incentives boost ownership of historic properties

October 16, 2024 | Delray Beach, Palm Beach County, Florida


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New incentives boost ownership of historic properties
During a recent government meeting, officials discussed new incentives aimed at promoting the preservation of historic properties. The proposed measures include financial adjustments that would make owning historic properties more appealing compared to non-historic ones. These adjustments may involve discounts on fees and allowing for higher construction percentages for historic properties, as well as permitting expansions up to three stories, while limiting new constructions in certain areas to two stories.

The West Atlantic neighborhood was highlighted as a key area for redevelopment, with plans to encourage growth while maintaining the integrity of historic sites. The incentives in this area are designed to align with the city’s master plan, which aims to foster revitalization without extending these benefits to residential developments.

Officials clarified that the current proposal does not include residential expansions and suggested removing certain areas from the redevelopment plan, particularly those near the beach. The meeting underscored the balance between encouraging development and preserving the historical character of the community. Further direction from the council is anticipated as discussions continue.

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