Thursday, January 18, 2024

REVITALIZING, REBUILDING & REPURPOSING

THE BENEFITS AND TECHNIQUES TO MAKE IT HAPPEN

There are myriad benefits, such as energy and climate savings that come with recycling an old building rather than razing it and using all new materials for a fresh building.

Redeveloping within existing infrastructure saves money because none has to be spent on water, sewer, roads and other services because they are already there.

“These are risky projects. 

Some buildings don’t easily lend themselves to adaptive reuse.

That justifies the tax credits,” Evan Liddiard, CPA, director, Federal Taxation | Federal Policy and Industry Relations for NAR, said.

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