It All Takes Time…
September 15, 2007Currently there are a few important factors impacting the timing of the Wilson rehabilitation process: individual designation on the National Register of Historic Places, construction evaluation and planning input from outside contractors/specialists, proper LLC/insurance set up in order to manage the project successfully and getting the building out of the current ‘emergency repair status.’
In order for the Wilson project to participate in the valuable Federal Historic Tax Credit program the building must be “individually” listed (set and apart from the annex) on the National Register. Getting the property listed individually takes a similar step by step process to gaining the original designation. Currently the Wilson Hotel is listed as a ‘contributing building’ to the Centralia Historic Downtown District and does not have individual designation. Extensive documentation of the distressed state of the building is essential to acquiring the full benefits of the tax credit program. This program is administered by state and federal agencies and the National Park Service. As you can imagine with any federal or state administered program the application process is lengthy and extensive. Maintaining the inherent value of the historic character of the building is essential and documenting the rehabilitation process from start to finish is essential. The registration process is new to us and we are working through the paperwork as quickly and efficiently as possible learning new elements of the program with each new step. (more…)