Antonio: State Investment To Spur Restoration Of Historic Veronika Building
Project represents first ever Ohio Preservation Tax Credit awarded in Lakewood
 
 

State Rep. Nickie Antonio (D-Lakewood) today celebrated the announcement that an Ohio Historic Preservation Tax Credit of $82,402 has been awarded for the rehabilitation and restoration of the historic Veronika Building in Lakewood. Formerly a tavern with apartments on top, the first ever Historic Preservation Tax Credit awarded in Lakewood will allow for the rehabilitation of the building’s apartments along with the installation of new wood storefronts modeled on the originals, reopening the commercial space to the street.


“Lakewood’s first ever Historic Preservation Tax Credit will help breathe new life into an historic structure and contribute to the growing vibrancy of our community,” said Antonio. “Northeast Ohio is rich in history and culture, and I am pleased that the state has recognized this project among a long list of worthy candidates.”


The Ohio Historic Preservation Tax Credit (OHPTC) is administered by the Ohio Development Services Agency in partnership with the State Historic Preservation Office and the Ohio Department of Taxation. Applications are accepted in two rounds per year, in March and September. This competitive program provides a state tax credit up to 25% of qualified rehabilitation expenditures for the rehabilitation of historic buildings.

 
 
 
  
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