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Committee certifies 1822 Meeting Street for 25% abandoned-building tax credit
Summary
The Community Development Committee approved certification of 1822 Meeting Street as an abandoned-building project eligible for a 25% income tax credit; committee members praised the program's expansion and voted to approve the certification by voice vote.
Miss Creech presented a request for abandoned-building certification for the property at 1822 Meeting Street and said the project is seeking a 25% income tax credit under the program now in place.
A committee member moved for approval and the motion was seconded. The committee approved the certification by voice vote; the chair announced that "the ayes have it."
A committee member praised the state legislature for expanding the abandoned-buildings program, saying, "I'd like to thank the legislature for expanding and extending this program, of abandoned buildings because it has been a great asset for the city of Charleston and the private sector to come in and renovate a lot of these, buildings that have been abandoned or, that are borderline demolition by neglect." The committee expressed support for the project and closed the item.
The certification moves the applicant forward in the tax-credit process; no dollar amounts for proposed renovation costs were provided in the committee discussion recorded in the transcript.
