Cincinnati City Council has approved a Community Reinvestment Area LEED tax exemption agreement for the $3.8 million expansion and renovation of the Sigma Alpha Epsilon (SAE) house in University Heights.
Building owner DeVotie Hall Association will receive a 15-year, 75 percent exemption from the increased tax value of its property at , equal to approximately $1.1 million.
Work will include the renovation the 14,800-square-foot building; construction of a two-story, 7,200-square-foot addition; and an update of the 1925 building's restrooms, mechanical systems, and sprinkler systems.
The project has been registered with the U.S. Green Building Council as a LEED NC 2.2 development.
Completion of all work is scheduled for spring 2010.
Previous reading on BC:
Cincinnati considering LEED tax exemption for frat's expansion, renovation (6/16/09)
Wrecking Cincinnati, 11/8/07 (11/8/07)
Riddle me this...
3 hours ago
2 comments:
This is great news. This house was built with such great care by Nippert, glad to see it will continue for years to come.
I'm also very happy to hear about this. It's a beautiful house and the renovation and expansion will keep the property up to date and functional for a long time.
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