Birmingham, Mobile Landmark Renovations Among Those Receiving Alabama Historic Tax Credits
By Justin Averette
The Alabama Historical Commission announced $20 million in tax credits last week that will be used to help renovate 12 structures across the state.
Previous tax credits helped finance more than 50 redevelopment projects, including several multimillion-dollar ones in Birmingham like the Lyric Theatre, the Redmont Hotel and the Pizitz.
To qualify for the credits, properties must be at least 60 years old and have historical significance.A historical commission committee decided which projects would receive the merit-based awards this year. In past years, the commission awarded credits on a first-come, first-served basis.
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