A case study comparing the Federal Historic Preservation Tax Credit programs for the Citizen’s Bank Building in Gettysburg, Ohio

摘要

This case study examines and compares the Federal 20% Historic and the 10%Non‐Historic Rehabilitation Tax Credit Programs by producing designs, cost estimatesand feasibility projections under each program. Specifically, the rehabilitation of theCitizen’s Bank Building in Gettysburg, Ohio, a main street block building in a small ruralcommunity, is being examined. The building is not currently listed on the NationalRegister of Historic Places, but is potentially eligible as a contributing structure in apotential National Register Historic District. This document includes an examination ofthe two tax incentive programs and their histories; the history of the specific buildingstudied and the surrounding community; designs, cost estimates, and feasibilityprojections under each program; an explanation of how the requirements andsuggestions of each tax credit program affect the designs and feasibility ofrehabilitation; and a conclusion that explains the data and evidence collected. Thisdocument will be useful for future research, as there are few, if any, studies directlycomparing the financial feasibility of these two programs.