Page 10 - Winter 2018 Digital inLEAGUE Vol.41 No.01

Old Brewery in Keeseville, the D&H Railroad Station in Plattsburgh, and a number of downtown projects in
Watertown. Our own project, to restore and rehabilitate the Stone Mill in Keeseville, also uses this programs for
its funding. All of these projects would not have been possible without this incentive and, without these projects,
these communities would all be less lively and prosperous.”
“Tax credits have been a key component in the ongoing revitalization of Rochester’s downtown core,” said
Wayne Goodman, Executive Director, Landmark Society of Western New York. “Without them, the $200 million
rehabilitation of the former Sibley’s Department Store would not have been possible and one of downtown’s
largest buildings, located in the heart of our Main St. commercial core, would likely be sitting vacant. The credits
have also been instrumental in stabilizing and preserving Rochester’s neighborhoods and impressive historic
housing stock.”

“Without tax credits, the City of Albany in particular, and the Capital District in general, would be hard pressed
to mount any type of comprehensive community revitalization program,” said Dick Lundgren, Executive
Director, Historic Albany Foundation. “The facts are that building rehabilitation projects are generally financially
infeasible without the economic boost that is provided by tax credits. It is imperative that the tax credit program
be continued if we want to see any meaningful revitalization of vacant and underutilized buildings in the
Capital District.”
“Outside of the Governor’s Buffalo Billion, no program has had more economic impact on Buffalo and Western
New York than the Historic Tax Credit, which has led
to more than $500 million in investment in our local
communities,” said Jessie Fisher, Executive Director,
Preservation Buffalo Niagara.
According to Erin Tobin, the League’s vice president
for policy and preservation, “In 2016, Historic Tax Credit
projects – both Federal and State – generated $45.6
million in New York State taxes, along with $53.9 million
in local taxes and $142.9 million in federal taxes, more
than any other state in the country. Additionally, these
projects created nearly 14,000 jobs in fiscal year 2016
alone. We’re grateful that our colleagues from around
the state are joining us in Albany to secure support for
this program and its impressive record of success.”
For more information on the Preservation League of
New York State, please call 518-462-5658 or visit the
League’s website at www.preservenys.org. Proctors Theatre, Schenectady, NY
PAGE 8 | Winter 2018 INLEAGUE