Speaking of shabby downtowns | Arkansas Blog

Wednesday, February 18, 2009

Speaking of shabby downtowns

Posted By on Wed, Feb 18, 2009 at 8:54 AM

I happened to get a letter today from the Downtown Little Rock Partnership urging support for two bills that would give some honkin' huge state subsidies to downtown redevelopment projects.

SB 9 by Denny Altes would essentially have the state pay 25 percent of the cost, through transferrable tax credits, of rehabilitation of historic structures. You would have to rehabilitate an existing structure.

HB 1060 by Tracy Pennartz would have the state pay 20 percent of the first $2 million of a project. But any development project, rehab or new, would qualify. A new building where a parking lot once stood -- with a state agency waiting in the wings to rent -- would get the 20 percent subsidy. You don't have to think too hard to see how this bill might encourage demolition of existing structures. This prospect won't bother many. But I think it's a pity to give public dollars to support tear-downs of handsome brick architecture to make way for the likes of the prefab-style postoffices the federal govenrment now favors. Or similar. Maybe the credit shouldn't go to teardowns of historic structures.

 


Sign up for the Daily Update email
Favorite

Comments

Showing 1-1 of 1

Add a comment

 
Subscribe to this thread:
Showing 1-1 of 1

Add a comment

More by Max Brantley

Readers also liked…

  • A response to police arrests becomes a tutorial on race, class and policing in Little Rock

    John Walker, the 79-year-old civil rights lawyer, and his associate, Omavi Shukur, 29, a young lawyer devoted to criminal justice reform, talked to press this afternoon about their arrests Monday by Little Rock police for supposedly obstructing governmental operations in observing and attempting to film a routine police traffic stop. It was a tutorial on sharp views of race, class and governance in Little Rock.
    • Sep 29, 2016
  • Latest Obamacare repeal bill would hit Arkansas treasury hard

    The latest effort to undo Obamacare, the Graham-Cassidy legislation, would shift federal support for health coverage to a block grant system to the states. Bad news for Arkansas.
    • Sep 18, 2017
  • Donald Trump declares war on Hillary Clinton's marriage

    Donald Trump gave a remarkable interview to the New York Times yesterday in which he declared open season on the marriage of Bill and Hillary Clinton and Bill Clinton's past infidelity. Seems like a loser, but I've been wrong before.
    • Oct 1, 2016

Most Recent Comments

Slideshows

 

© 2018 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation