Huntington Mayor Steve Williams is pleased to see the renewed interest in the Prichard Building as well as some of the other older, tall buildings in the city’s downtown. But he believes the state should provide more incentives for people to invest in buildings such as the Prichard.
He said he plans to lobby the West Virginia Legislature to advocate an increase in historic tax credits for those investing in renovating and restoring historic buildings and properties.
“Right now it’s at 10 percent, and I will advocate raising it to 25 percent,” he said. “I will try to get the support of the Municipal League … what it will do is give us one more tool to make it feasible for an investor to come in and cash flow and acquisition and renovation of a historic building.”
Williams said if nobody is investing to begin with, something should be done to make investing in renovation of historic buildings worth it.