One big disappointment within the business community last year was the Alabama legislature’s failure to reauthorize the historic tax credit. Developers say the credit has helped fuel revitalization of properties such as the Jefferson Tower and the Pizitz building in downtown Birmingham. With the legislature set to start its 2017 session Tuesday, there’s optimism reauthorization will make it through. We talk about it in this week’s Magic City Marketplace.
Business Leaders Optimistic Lawmakers Will Reauthorize Historic Tax Credit
A rendering of the renovated Pizitz building in downtown Birmingham. Redevelopment was supported through the state's now-lapsed historic tax credit.