Last week, when the Assembly was on the floor we approved a proposal that
increases the historic rehabilitation tax credit from $500,000 to $3.5
million. The historic rehabilitation tax credit is an important development
tool for older cities like South Milwaukee that are looking to redevelop
older commercial buildings.
Local leaders in South Milwaukee are working on redeveloping the downtown
corridor by creating a vibrant main-street district with a growing number of
unique shops for residents to spend their dollars in South Milwaukee and
support the local economy. The historic rehabilitation tax credit is another
tool local communities, such as South Milwaukee and Oak Creek, can use to
continue pushing economic development. This is great news for our district!
Thank you for tuning in and have a nice weekend!
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