D OWNTOWN S HREVEPORT U PDATE Activity in the Downtown Development District.
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Transcript of D OWNTOWN S HREVEPORT U PDATE Activity in the Downtown Development District.
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DOWNTOWN SHREVEPORT UPDATEActivity in the Downtown Development District
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Downtown Development District
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DOWNTOWN SHREVEPORT UPDATE
Our DDD is home to both a HISTORIC District and a CULTURAL District
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HISTORIC TAX CREDITSMost buildings 50 years old or older are eligible for up to $5m for rehabilitation work. State tax credits can be sold for cash. They can also be stacked with federal credits.
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ACTIVITY UNDERWAYDowntown Shreveport
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DOWNTOWN HAPPENINGS- OGILVIE HARDWARE
Construction due to begin in September on 80 open concept loft apartments.
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DOWNTOWN ACTIVITY- THE NOVENA CONDOS, 627 CROCKETT ST.
Construction underway, models should be ready to show in September.
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LOUISIANA SCHOOL OF LAW (JOE D. WAGGONNER BUILDING)-500 FANNIN
Initial construction will focus on abatement, roof and elevator repairs. Group hopes to begin work soon.
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SEARS & TWO ADJOINING BUILDINGS- 600 BLOCK OF TEXAS ST.
Environmental assessments are underway, Financing should be in place in 60 days
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ARTSPACE- 708/710 TEXAS STREETAdvertise for bids in September, Construction in December, Completion in July 2012
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CENTRAL ARTSTATION
Bids due August 11, Groundbreaking Aug. 25, Completion June 2012
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RED RIVER DISTRICT
Property donated to city, property manager hired, RFPs for businesses to go out soon.
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LAKE STREET DANCE HALL 423 Lake Street
Grand Opening scheduled Friday, Saturday and Sunday, August 19, 20, 21.
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MARKET STREET BAR & GRILL (OLD DEE’S PHOTOS)421 Market Street
Plans are for an October opening
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DOWNTOWN ACTIVITY
• B’nai Zion Temple- 802 Cotton St. -redeemed by owner
• Arlington Hotel- (Cotton & Louisiana) city seizure proceedings
• Old Lewis Furniture- 864 Texas Avenue- purchased
• Emmett Hook Center-550 Common St.- completed and open
• Calanthean Temple-1000 Bl. Texas Avenue- purchased
• McAdoo Hotel- 1002 Texas Avenue- • Other buildings downtown
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DOWNTOWN CHALLENGES
• B-4 Zoning needs have changed!
• Find ways to incentivize businesses we want.
• Demolition & Neglect of Historic Buildings threatens downtown.
• Historic Preservation Ordinance
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