Hensville project awarded $3.9 million in state tax creditsWritten by Staff Reports | | email@example.com
The Toledo Mud Hens were awarded nearly $4 million in Ohio Historic Preservation Tax Credits by the Ohio Development Services Agency to rehabilitate three Warehouse District buildings for its Hensville project.
“This is the news we’ve been waiting to hear,” Joe Napoli, president and general manager of the Toledo Mud Hens and Toledo Walleye said in a news release Dec. 18. “We’ve had our fingers crossed and now we’re ready to move forward. This is a great way to end 2014 and begin 2015.”
The Hensville project will renovate and rehabilitate three buildings that have stood vacant on St. Clair Street for decades. The estimated cost of the project is $18.8 million.
“We look forward to breaking ground in early 2015 and restoring these long vacant buildings into vibrant and exciting parts of Toledo’s historic Warehouse District,” he said.
The Mud Hens plan to use the buildings for additional retail, restaurant, event and office space.
The Ohio Historic Preservation Tax Credit assists private developers in rehabilitating old buildings while protecting the historic integrity of the structures.
“These projects transform vacant and underutilized properties into viable places for business and living,” said David Goodman, director of the Ohio Development Services Agency, in the release. “This program has been a valuable tool for community revitalization.”
Earlier this year, Napoli cited the success of the ballpark’s elevated seating and party decks as one of the inspirations and themes for Hensville.
“The Roost is extremely popular, so we’re going to extend that concept, to permit fans to watch the games from the rooftops,” he said.
In March, Diane Keil-Hipp, president of the Warehouse District Association, told Toledo Free Press she is also excited about the new developments.
“We’re thrilled,” she said. “For St. Clair, there was a time when almost every building on the street was vacant. The block before it has [undergone] a wonderful renovation. It’s just been a section at a time, and [these buildings] that the Mud Hens are renovating are kind of the last holdouts on that entire street.
“We couldn’t be happier about completing, really, the full renovation of St. Clair,” she said.