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New Tax Credit Floated for Developers To Convert Older Downtown Office Buildings

Legislation Filed in Congress Similar to Historic Tax Credits
An empty office tower that once housed AT&T in downtown St. Louis will probably be eligible for the proposed tax credit. (CoStar)
An empty office tower that once housed AT&T in downtown St. Louis will probably be eligible for the proposed tax credit. (CoStar)
CoStar News
August 16, 2021 | 7:21 P.M.

A potential federal tax credit is in the works for developers interested in converting older urban office buildings into other uses and bringing life back to downtown areas that have turned into ghost towns during the pandemic.

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News | New Tax Credit Floated for Developers To Convert Older Downtown Office Buildings