historic tax credits for developers a guide to syndication and beyond iped february 8, 2007 los...
TRANSCRIPT
Historic Tax Credits for Historic Tax Credits for DevelopersDevelopers
A Guide to Syndication and BeyondA Guide to Syndication and Beyond
Iped Iped
February 8, 2007 Los Angeles, CAFebruary 8, 2007 Los Angeles, CA
Inside the Box
John M. TessPresident
Heritage Consulting Group
Portland Oregon National Guard Armory Annex
Built 1891
Building Materials:
• Stone & Brick• Wood-truss
roof system
Uses:• Armor
Storage• Shooting
Range• Drill Hall• Event Hall
Prior to its extended vacancy the Armory was a beer
warehouse
10 Years of knocking ideas around
•Health club
•Big box retailer
•Demo
•Theater
Drawbacks
• Mass
• Few windows/little light
• Poor ventilation
• Parcel worth more than building
Location
Pearl District/Brewery Blocks
A Enormous EndeavorConvert the Portland Oregon Armory Annex building into a performing arts
theater using sustainable design.
Goals
• Create a center for the performing arts
• Demonstrate practical elements of green restoration
• Rehabilitate a historic building
• Make it a successful Tax Act project
2 Basic Issues
Successful Theater
Platinum LEED Certification
Issue 1Achieve financial success to secure the
future
Box within a Box
World Class Theater Design
•Staging•Sightlines•Acoustics
•Multiple Venues
NPS concern was maintaining a sense of
interior volume
Issue 1 - Resolution
Resolved by extensive use of glass and extraordinary effort to maintain sightlines.
Particular Challenge of
Designing the Atrium
Serve the Theater
Meet the Secretary’s
Standards
Issue 2
To become the first
project to achieve a
Platinum LEED Rating while using Federal Investment Tax Credits
Issue 2
LEED Certification required daylight and passive air
systems
NPS was concerned with the visual impacts on the
exterior
Issue 2 - Resolution
Located offices on top of the box with the roof exposed
Negotiated number and location of skylights and vents
Low profile skylights and Equipment
Painted to match roof
The project achieved a Platinum LEED rating, a first for a historic building
First in the World
Before
After
Success
John M. TessPresident
Heritage Consulting Group1120 NW Northrup StreetPortland, Oregon 97209
877-228-0272503-228-0272
