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Published byOlivia Lyon Modified over 10 years ago
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Historic Tax Credits for Developers A Guide to Syndication and Beyond Iped February 8, 2007 Los Angeles, CA
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Inside the Box John M. Tess President Heritage Consulting Group
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Portland Oregon National Guard Armory Annex Built 1891
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Building Materials: Stone & Brick Wood-truss roof system Uses: Armor Storage Shooting Range Drill Hall Event Hall
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Prior to its extended vacancy the Armory was a beer warehouse
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10 Years of knocking ideas around Health club Big box retailer Demo Theater
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Drawbacks Mass Few windows/little light Poor ventilation Parcel worth more than building
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Location Pearl District/Brewery Blocks
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A Enormous Endeavor Convert the Portland Oregon Armory Annex building into a performing arts theater using sustainable design.
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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
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2 Basic Issues Successful Theater Platinum LEED Certification
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Issue 1 Achieve financial success to secure the future
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Box within a Box
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World Class Theater Design Staging Sightlines Acoustics Multiple Venues
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NPS concern was maintaining a sense of interior volume
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Issue 1 - Resolution Resolved by extensive use of glass and extraordinary effort to maintain sightlines.
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Particular Challenge of Designing the Atrium Serve the Theater Meet the Secretarys Standards
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Issue 2 To become the first project to achieve a Platinum LEED Rating while using Federal Investment Tax Credits
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Issue 2 LEED Certification required daylight and passive air systems NPS was concerned with the visual impacts on the exterior
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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
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The project achieved a Platinum LEED rating, a first for a historic building First in the World
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Before
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After
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Success
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John M. Tess President Heritage Consulting Group 1120 NW Northrup Street Portland, Oregon 97209 877-228-0272 503-228-0272 jmtess@heritage-consulting.com www.heritage-consulting.com
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