[OMS_MANAGERS] FW: Funding to revitalize your historic downtown

Thu Jan 8 20:44:48 PST 2015

Done!

On Wed, Jan 7, 2015 at 12:41 PM, Peggy Moretti <PeggyM at restoreoregon.org>
wrote:

>  Hello, Main Street Colleagues!
>
> All of your mayors should have received the attached email letter this
> week.  Please take this opportunity to reinforce your support for the
> Revitalize Main Street Act and encourage your mayor and/or city council to
> endorse the bill and ask your state legislators to support its passage.
> The attached sign-on letter provides an easy template for their use and a
> simple click-through to our web form is all it takes to endorse the bill.
>
> Our list of supporters is growing and we are gaining interest from key
> business, cultural, and environmental groups.  But MAIN STREET VOICES ARE
> ESSENTIAL as the state budget remains very tight!
>
> We would still like a few more MAIN STREET MATTERS photos – so please send
> them along.  And if YOU didn’t get around to endorsing the bill
> <http://restoreoregon.org/rehab-tax-incentive/>, please do so NOW.
>
> Thank you!
>
>
>
> *Peggy*
>
> Peggy Moretti, Exec. Director
>
> *RESTORE OREGON <http://www.restoreoregon.org/>*
>
> 503 243-1923
>
>
>
> *From:* Peggy Moretti
> *Sent:* Wednesday, January 07, 2015 11:08 AM
> *To:* Peggy Moretti
> *Subject:* Funding to revitalize your historic downtown
>
>
>
> Dear Mayor,
>
>
>
> I’m following up a letter sent last month asking for your endorsement of
> state legislation that creates a *Historic Rehabilitation Incentive
> <http://restoreoregon.org/rehab-tax-incentive/>* (HRI) to restore the
> iconic but often deteriorating buildings in our historic downtowns.  A
> coalition of leaders from across the state has been working with Restore
> Oregon to introduce this important bill, including your colleague Sharon
> Konopa, mayor of Albany.
>
>
>
> *The Revitalize Main Street Act
> <http://restoreoregon.org/rehab-tax-incentive/> *would authorize an HRI
> in the form of* a 25% rebate for the rehabilitation of historic
> commercial buildings* – stores, hotels, theaters, apartments, factories,
> mills, etc.  There are probably one or two that come to mind in your
> downtown that would have a big impact if fixed up and the upper floors
> re-occupied.  The rebate would help offset the high cost of restoration,
> seismic retrofitting, and code compliance.  Funded by the auction of state
> income tax credits at a capped amount (similar to the successful film
> production credit), a significant percent of the HRI would be directed
> toward rural communities.
>
>
>
> This modest, cost-effective investment by the state will help revitalize
> Oregon’s downtowns and pay dividends for decades to come in the form of new
> jobs, income and property taxes, cultural heritage and tourism, business
> incubation, seismic safety, and the reuse of existing infrastructure.
>
>
>
> An economic impact study conducted by EcoNorthwest projects that in 2018,
> with a state investment of just $10.6M, we would see:
>
> §  4 times more buildings restored than without the state incentive.
>
> §  1,369 Oregon jobs per year generating income of $25.5M.
>
> §  $2.3M net increase in property taxes per year to pay for schools and
> services.
>
> §  $13.3M new federal Historic Tax Credit dollars invested in Oregon per
> year.
>
> §  $35.8M net increase per year in direct development spending.
>
>
>
> As the attached data sheet
> <http://restoreoregon.org/wp-content/uploads/2014/10/RevitalizeMainStreet_DataSheet_10-21-14.pdf>
> shows, 35 other states are boosting private investment and stimulating
> local economies through a state HRI.  Its time Oregon did the same!  If you
> agree, I’m hoping that you will:
>
>
>
> 1.    *Endorse the Revitalize Main Street Act. * Reply to this email and
> confirm we can list you and/or your city council as a supporter. There is
> also an online endorsement form
> <http://restoreoregon.org/rehab-tax-incentive/> that you and members of
> your community can sign.
>
> 2.    *Include this in your legislative agenda* and ask the League of
> Oregon Cities to support it, too.
>
> 2.  *Contact your state Representative and Senator and ask them to
> support this bill*.  Add your signature to the attached sign-on letter
> and forward it to your state Senator and Representative.  Feel free to add
> specific examples of buildings in your town that, but for the incentive,
> will continue to waste away.
>
>  A state HRI as provided in the Revitalize Main Street Act could be *the
> single most important thing we do to bring new life (and seismic safety) to
> Oregon’s historic downtowns.  *
>
>
>
> Thank you for your support!
>
>
>
> [image: cid:image002.png at 01D02695.A5AB3D70]
>
> Peggy Moretti
>
> Executive Director, Restore Oregon
>  ------------------------------
>
> *   “I encourage the legislature to pass the Revitalize Main Street Act.
> It provides a crucial incentive to invest in the restoration of our
> historic downtown buildings, bringing them back to life as places to work,
> live, dine, and shop.  Without it, the cost of repairs, code compliance,
> and seismic retrofitting are prohibitive and buildings such as Albany’s St.
> Francis Hotel will continue to sit largely empty and deteriorating.”*
>
> -       Sharon Konopa, Mayor of Albany
> * ------------------------------ *
>
>
>
>
>
> *[image: cid:image004.jpg at 01D02695.A5AB3D70]*
> <http://www.restoreoregon.org/>
>
> 24 NW First Avenue, Suite 274 | Portland, OR  97209
>
> 503 243-1923
>
> Visit our newsroom for* 10 Reasons to Support the Revitalize Main Street
> Act <http://restoreoregon.org/10-reasons-revitalize-main-street-act/>*
>
>
>
> [image: cid:image006.png at 01D02695.A5AB3D70]
> <https://www.facebook.com/RestoreOregon?v=wall&viewas=0>
>
>
>
>
>
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