Monday, August 30, 2010
Our tax laws give breaks to developers who preserve historic buildings. In this case, only the facade was saved. The inside was gutted. Above it rises a modern highrise hotel.
Regrettably, the center city has been struggling economically, and the recession that began in 2008 accelerated the problems. Today the hotel is empty, awaiting better times and a better-funded owner.
Here is a view from Bushnell Park. You can barely see the historic facade that gave rise to the tax benefits, can you?
(A sharp-eyed friend points out that the close hotel occupies only the lower floors, and the offices above remain open. Sorry.)