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Published byOlivia Lyon
Modified over 3 years ago
Historic Tax Credits for Developers A Guide to Syndication and Beyond Iped February 8, 2007 Los Angeles, CA
Inside the Box John M. Tess President Heritage Consulting Group
Portland Oregon National Guard Armory Annex Built 1891
Building Materials: Stone & Brick Wood-truss roof system Uses: Armor Storage Shooting Range Drill Hall Event Hall
Prior to its extended vacancy the Armory was a beer warehouse
10 Years of knocking ideas around Health club Big box retailer Demo Theater
Drawbacks Mass Few windows/little light Poor ventilation Parcel worth more than building
Location Pearl District/Brewery Blocks
A Enormous Endeavor Convert the Portland Oregon Armory Annex building into a performing arts theater using sustainable design.
Goals Create a center for the performing arts Demonstrate practical elements of green restoration Rehabilitate a historic building Make it a successful Tax Act project
2 Basic Issues Successful Theater Platinum LEED Certification
Issue 1 Achieve financial success to secure the future
Box within a Box
World Class Theater Design Staging Sightlines Acoustics Multiple Venues
NPS concern was maintaining a sense of interior volume
Issue 1 - Resolution Resolved by extensive use of glass and extraordinary effort to maintain sightlines.
Particular Challenge of Designing the Atrium Serve the Theater Meet the Secretarys Standards
Issue 2 To become the first project to achieve a Platinum LEED Rating while using Federal Investment Tax Credits
Issue 2 LEED Certification required daylight and passive air systems NPS was concerned with the visual impacts on the exterior
Issue 2 - Resolution Located offices on top of the box with the roof exposed Negotiated number and location of skylights and vents Low profile skylights and Equipment Painted to match roof
The project achieved a Platinum LEED rating, a first for a historic building First in the World
John M. Tess President Heritage Consulting Group 1120 NW Northrup Street Portland, Oregon
How Credits Become Capital: When and How to Syndicate Putting together the Syndication Dream Team John Tess Heritage Consulting Group Historic Rehabilitation.
Welcome The Portland Armory: Combining Historic Tax Credits, New Markets Tax Credits and Green Strategies, Too iped Historic Tax Credits for Developers.
OTTAWA STREET POWER STATION REHABILITATION AIA Michigan 2013 Honor Awards Program Category: Building.
“TOD” Development Opportunity Case Studies for Reference & Historic Preservation Opportunities Moline, Illinois October 18, 2011.
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Sustainable Historic Preservation at the U.S. Treasury Building 2009 Federal Environmental Symposium – East June 17, 2009 Break-out Session 6.2, Greening.
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