Pennsylvania could offer tax incentives to redevelop abandoned or neglected factory buildings, under legislation proposed by state Rep. Robert Freeman (D-136).
The legislation would create several tax incentives, including a 25 percent tax credit for the rehabilitation and reconstruction costs of the property owner.
There would be a $13 million cap on the total cost of the program, under Freeman’s proposal.
The program would be managed by the Pennsylvania Department of Community and Economic Development.
Adaptive reuse isn’t a new concept, Freeman said in a June 27 news release. Among the industrial buildings that have been successfully repurposed locally he pointed to the Simon Silk Mill in Easton as a good example.
This local news story was reported with generative AI assistance.
