{"id":368847,"date":"2026-08-11T23:32:10","date_gmt":"2026-08-11T23:32:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/368847\/"},"modified":"2026-08-11T23:32:10","modified_gmt":"2026-08-11T23:32:10","slug":"orlando-approves-tax-incentive-for-downtown-historic-buildings","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/368847\/","title":{"rendered":"Orlando approves tax incentive for downtown historic buildings"},"content":{"rendered":"

Orlando approves tax incentive for downtown historic buildings<\/p>\n

\"Avery<\/a>ORLANDO, Fla. \u2014<\/p>\n

Orlando leaders are looking for new ways to bring investment into downtown, including its historic buildings. <\/p>\n

To encourage more investment downtown, the Orlando Community Redevelopment Agency, made up of city commissioners, approved a new tax incentive for historic buildings. <\/p>\n

“They do have to make sure they keep those historic elements of the building and have them reviewed appropriately,” said David Barilla, the CRA executive director. <\/p>\n

The Downtown Historic Redevelopment Incentive Program offers developers a 10-year ad valorem tax rebate based on the increased taxable value of eligible properties following redevelopment. The rebate is 50% for contributing structures and 75% for landmark buildings. Projects must include a minimum investment of $5 million. <\/p>\n

Monday’s vote was 6-1. Commissioner Patty Sheehan had concerns. <\/p>\n

“This is supposed to incentivize reuse,” Sheehan said. “The problem I have is with the $5 million… there are buildings that someone might want to renovate and it’s under $5 million.” <\/p>\n

In an emailed statement to WESH 2, a city spokesperson said the incentive is part of a broader effort to strengthen downtown while preserving its historic character. <\/p>\n

\u201cBy encouraging the rehabilitation of historic assets and activating storefronts, we are helping create a downtown that is more vibrant, walkable and welcoming throughout the day,” the statement said. <\/p>\n","protected":false},"excerpt":{"rendered":"Orlando approves tax incentive for downtown historic buildings ORLANDO, Fla. \u2014 Orlando leaders are looking for new ways…\n","protected":false},"author":2,"featured_media":368848,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[139,141,140],"class_list":["post-368847","post","type-post","status-publish","format-standard","has-post-thumbnail","category-orlando","tag-orlando","tag-orlando-headlines","tag-orlando-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/368847","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=368847"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/368847\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/368848"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=368847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=368847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=368847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}