By 1808Delaware

The state of Ohio has awarded nearly $40 million in tax credits for rehabilitation projects at 38 historic buildings throughout the state in Round 28 of the Ohio Historic Preservation Tax Credit, it was announced on Wednesday.

One of those buildings is on Lake Street east of downtown Delaware.

“Preserving historic buildings is one tool we can use to build vibrant downtowns and create opportunity on our main streets throughout the state,” Governor Mike DeWine said in the announcement. “These projects are just one piece of the larger picture to transform our communities and create even more exceptional places to live and visit.”

The money will be used to assist private developers in rehabilitating historic buildings — many of which are currently vacant and generating little economic activity.

“Once rehabilitated, these historic buildings will drive further investment and interest in adjacent property,” Gov. DeWine’s office noted.

Developers are not issued the tax credit until project construction is complete and all program requirements are verified. Together, the projects are expected to leverage approximately $564 million in private investments.

The Cleveland, Columbus, Cincinnati & Indianapolis Railroad Depot at 60 Lake Street in Delaware was awarded a $243,000 credit toward a project with a total cost of $2,217,633.

The depot, built in 1887, is a brick building east of downtown Delaware. Last used by the railroad in 1950, the depot has been vacant for a number of years. The building still retains many of its character-defining features from its railroad days on the interior and exterior including doors and windows, beadboard walls and ceilings, and wood floors and trim as well as the configuration of spaces from its use as a depot. After rehabilitation, the building will house a bar, restaurant, and brewery operation.

Other buildings projects awarded credits in adjacent counties were the Ohio Bell Southwestern Headquarters Building at 150 East Gay Street in downtown Columbus, and the Wholesale Grocer Building at 172 South Main Street in downtown Marion.

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