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CITY HALL EAST SALE SNAG

CITY HALL EAST  SALE SNAG
The prospects for the redevelopment of City Hall East has hit a bump over the building's facade.
 
Jamestown city hall east mayor atlanta kasim reed national parks administration department interior preservation tax credit sears david bennet policy advisor
Jamestown has yet to close on the purchase of the 2M SF former Sears building as the city and the federal government bicker over more than $15M in tax creditsDavid Bennet, an advisor to Mayor Kasim Reed, tells us that the National Parks Administration (part of the Department of the Interior) is refusing to grant Jamestown historic preservation tax credits for its proposed redevelopment of City Hall East because of the extent and scope of the proposed changes to the building's skin. And Jamestown and the city are negotiating with the government on what it can do to obtain those credits. But what exactly Jamestown wants to do is unclear as renderings have not yet been released. Jamestown officials could not be reached for comment as of press time. ?I expect that we're going to work something out,? David says. ?It's just a question of what that's going to look like.?
 
 
WASHINGTON DC 09.28.2017

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Development, Design, Finance & Investment, Tenant Demands, and Asset Management

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Lincoln Property Company
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