NORWICH — During this week's Common Council meeting, council members were approached about listing South Broad Street on the National Register of Historic Places.
City of Ithaca Historic Preservation Planner Bryan McCracken brought the possible eligibility to the attention of council members.
"The following opportunity is through the Guilford High Bridge Wind Tower project. So part of that project is that developers are required to pay mitigation funds because of the potential impact this project will have on historic resources within Chenango County or communities," said McCracken.
McCracken also stated that a National Register listing could come with financial incentives such as tax credits.
"So there is an income tax credit for income-producing property or owner occupied homes up to 20 percent. And then if it's a commercial property or an income-producing property there is a state tax credit of 30 percent, which is an increase of 20 percent in the last year. So that's a big deal," he said.
Currently, North Broad Street is already listed on the National Register of Historic Places, according to McCracken. He said the area ranges from Cortland Street to Newton Avenue, and covers both sides of the street.
South Broad Street was recently found to be possibly eligible for registry during a survey to determine if the wind tower project would have an impact on surrounding communities.