Cleveland-Area Professionals Meet to Discuss Threat to Historic Tax Credit Investments.

On October 10th, 2012, over 70 Cleveland-area professionals met to discuss the threat to historic tax credit investments implicated by the court decision on the Historic Boardwalk Case.

Developers, investors and tax advisors were led in a discussion convened by the Cleveland Restoration Society. Historic tax credit investments have been an essential component of many, many revitalizations of Cleveland’s landmark building stock.  

Tax executives from The Sherwin Williams Company led the discussion: Michael T. Cummins, Robert K. Olson and Brian M. Power. Ron DeGrandis of McGladrey, LLP, also facilitated.

John Leith-Tetrault, President of the National Trust Community Investment Corporation, has summarized his view on this matter in the article: Historic Tax Credit Industry Adjusts to Boardwalk Hall Decision.

In addition, Nathan F. Ware, Partner at the Cleveland firm Baker Hostetler, provided the following discussion: Third Circuit Reverses Significant Tax Credit in Historic Boardwalk Hall, LLC.

To be included in additional legal discussions, please contact CRS.

Kathleen H. Crowther
Cleveland Restoration Society