Check out the restored First Ward School School Apartments just down the street on Davis Avenue in Elkins.10 years ago or so a local historic preservation non-profit bought the school on an online auction for $1 dollar because nobody wanted it,it could have been demolished but instead they got the necessary funding using state and federal grants and credits around 4 million dollars to restore the old school building into luxury affordable senior housing,turning a liability into an asset.
@ryandebarr10 ай бұрын
Or the city leaders of Clarksburg can just look a block down Main from City Hall and see what VANDALIA was able to accomplish with the Palace Building. It currently has the highest tax-assessed value of any building in the downtown and pays about $300k/yr in property taxes. Of course most of that goes to the county and the school board, but it's still as you said, turning a potential liability into a revenue producing asset.