Creative Financing and Tax Incentive Programs Help Spur Economic Development
Pierce Atwood partner Kris Eimicke helps clients identify and implement creative financing programs and tax incentive programs that help spur economic development. Here are two recent New Hampshire projects now underway:
Historic Restoration of Concord Theatre
Pierce Atwood represented the Capitol Center for the Arts in connection with the acquisition of, and financing for, the historic restoration of the Concord Theatre in Concord, New Hampshire. The project utilized $5.4 million in New Markets Tax Credit allocation. The theatre will act as a satellite location for smaller performances and events.
Downtown Concord Restoration Project
Pierce Atwood represented developer Stephen Duprey in connection with the acquisition and financing of a mixed-use restoration project in Concord, New Hampshire, involving the former Eagle Hotel building and two neighboring buildings on Dixon Avenue, with a total of nearly 100,000 square feet of space. This project received $13 million in New Markets Tax Credit support.