Update: Historic Preservation Tax Credit

June 10th, 2015  |  Published in News, Uncategorized

Thanks to Heritage Ohio for keeping us up-to-date on this important issue!

Posted:  Monday, June 15:

Please call or email your State Senator and State Representative NOW and ask them to preserve the highly successful Ohio Historic Preservation Tax Credit.

The Senate-proposed amendment to place a moratorium on projects and convert the program to a grant is still alive, and we cannot predict what will actually happen in the next two days.


  • $1.4 billion in leveraged investment to rehabilitate buildings over 100 buildings in 28 communities all across Ohio.
  • This is the ONLY Ohio tax credit which has a cost-benefit analysis associated with its application and award, with a 6.70:1 Return on Investment.
  • This credit is taken only when the project is 100% complete, with 1/3 of the credit coming back to the State as tax revenue before the credit is even taken.
  • The demand has been more than double the $60 million annual allocation – this program should be expanded, not reduced.
  • So far, 8.7 million square feet and 3,429 new housing units have been completed.
  • This is a highly successful economic development program that takes underutilized, abandoned, or blighted buildings that would otherwise not be redeveloped and transforms them into income-producing, taxpaying, and neighborhood-contributing buildings.
  • To help save the Ohio Historic Preservation Tax Credit Program, we need you to call or email your State Senator and State Representative TODAY to tell them why changing this program as proposed will be detrimental to Ohio’s economic growth!

Posted:  Friday, June 13:

Yesterday, the Ohio Senate proposed to eliminate the Ohio Historic Preservation Tax Credit (OHPTC), with the possibly of transitioning it into a grant program several years from now. 

This highly successful economic development program, without prior discussion, is in jeopardy of disappearing. Without the OHPTC Program, Ohio would not have had more than $1.4 Billion invested in the state, with over 100 abandoned or blighted buildings transformed into income-producing, taxpaying, and neighborhood-contributing buildings. Look at these numbers since the program’s inception in 2007:

  • 8.7 million square feet of redeveloped buildings.
  • 3,429 new housing units created.
  • A return on investment of 6.7 to 1, while paying the State of Ohio back.

To help save the Ohio Historic Preservation Tax Credit Program, we need you to do two things TODAY. Please email Senator Oelslager, Chair of the Senate Finance Committee, Senator Peterson, Chair of the Senate Ways & Means Committee, and your Senator to tell them why this will be detrimental to Ohio’s economic growth!

Also contact Kim Erdman at to have your statement sent to all Senate Finance Committee Members.

We have only a few days to reverse this action!



CPA Accepting Donations for Murals

June 6th, 2013  |  Published in News

The Cincinnati Enquirer, June 6, 2013 – Cliff Radel

Let the donations begin.

Cincinnati Preservation Association officially started accepting funds Wednesday to save the nine, endangered, industrial mosaic murals that once hung in Union Terminal’s now-demolished concourse.

“We were involved in the original effort to save these murals,” said Paul Muller, the association’s executive director. “We are lucky they were created, saved and now available for return to Cincinnati.”

The nine murals stand in two shuttered terminals slated for demolition at the Cincinnati/Northern Kentucky International Airport. Plans call for the terminals to be wrecked by 2015. The city of Cincinnati has first right of refusal to find the murals a new home. Mayor Mark Mallory wants to bring the works of nickel-sized pieces of colored glass and tinted mortar back to Ohio and inside the Duke Energy Convention Center.

The estimated cost to pack, remove, transport and install the nine, 20-feet by 20-feet, 8-ton panels is $5 million to $7 million. Governmental funds are not available to foot the entire bill.

Public money was also in short supply when the murals were moved to the airport in 1973. That’s when Cincinnati Preservation Association’s initial incarnation, the Miami Purchase Association for Historic Preservation, stepped in. Association officials also made sure, Muller noted, that the murals’ deed “specified that the city had first choice if the murals were ever to be moved again.”

Muller said reserving them once more “will add to the rich heritage of Cincinnati.”

Since an Enquirer story broke the news of the murals’ plight and the association’s involvement in raising funds to save the works of art, Muller said he has “been contacted by several individuals and an investment banker. They wanted to know when Cincinnati Preservation Association will be accepting donations.”

The answer is now.

If you prefer to donate by check, please make checks payable to:  Save the Murals Fund and mail to 342 West Fourth Street, Cincinnati, OH 45202.