the staff of the Ridgewood blog
PATERSON NJ, the Bergen County Historical Society says, “This could be a game changer when it comes to historic preservation in NJ. Saving historic structures that provide communities their identities makes sense.”
On a street lined with former silk mills, only blocks away from the Great Falls of Paterson, Governor Phil Murphy detailed a new historic preservation tax credit program as part of his vision for incentives reform. The Historic Preservation Tax Credit will serve to revitalize and fully realize the potential of New Jersey’s storied cities and towns.
“50 Spruce Street is one of hundreds, if not thousands of similar buildings in our state that have vast unfulfilled potential and can be restored to their former glory and repurposed for modern day use,” said Governor Murphy. “Historic preservation tax credits have helped other states preserve and utilize their historic buildings. These beautiful structures are often hidden in plain sight and are waiting for the right investor. We are here to help with that.”
Continue reading Governor Phil Murphy Puts Focus on Historic Preservation Tax Credit as Part of Incentives Reform Package
