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Tax Credits for 420 Main Developers Applied For

Tax Credits for 420 Main Developers Applied For
By Jay Zimmer
Dec 23, 2020 6:50 AM
A development group has put together and submitted applications for $18.4 million in Indiana Redevelopment Tax Credits to develop an entire city block which will become vacant with some demolition.
Last month, developers trying to re-do the 18 story 420 Main building determined that its condition made renovating prohibitive.
So the Downtown Evansville Development Corporation bought the adjacent Sycamore Building. Both will come down to make way for a state-of-the-art building which will house dining, office, and residential spaces.
The total investment will be about $67 million.
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United States , Downtown Evansville Development Corporation , Indiana Redevelopment Tax Credits , ஒன்றுபட்டது மாநிலங்களில் , நகர எவன்ஸ்வில்லி வளர்ச்சி நிறுவனம் , இந்தியானா மறுவடிவமைப்பு வரி வரவு ,

Downtown Evansville submits tax credit applications for $18.4M to redevelop vacant block on Main St.

Downtown Evansville submits tax credit applications for $18.4M to redevelop vacant block on Main St.
By 14 News Staff | December 22, 2020 at 10:09 AM CST - Updated December 22 at 10:09 AM
EVANSVILLE, Ind. (WFIE) - A group of partners with the Downtown Evansville Development Corporation submitted applications for $18.4 million in Indiana Redevelopment Tax Credits to help redevelop a vacant, full city block on Main Street.
Back in November, it was announced that Evansville’s tallest building, 420 Main, would be demolished in 2021 after the developer realized the condition of the building was going to be a bigger issue than originally thought.
Due to this problem, the developer switched gears by purchasing the vacant Sycamore building that sits on the same block. That building will also be demolished to make room for the redevelopment of that entire city block. ....

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