Group calls for tax credit to preserve heritage buildings
By RICHARD WOODBURY
Canada needs to implement a tax credit program for the repair and restoration of heritage buildings, says the president of a heritage group.
"We need to see the federal government acknowledge the great importance of heritage buildings as tourist attractions, as economic generators, as contributors to our quality of life and as an essential part of our legacy to future generations," Philip Pacey, president of the Heritage Trust of Nova Scotia, told the Commons standing committee on finance recently in Halifax.
Tourism is a $1.3-billion a year industry in Nova Scotia, employs 33,000 people directly and indirectly and generates more than $200 million in tax revenue, Tourism Department documents show.
"Other than walking and shopping, visiting historic buildings and sites is the biggest activity of tourists in Nova Scotia," Mr. Pacey said. "Our heritage buildings are major contributors to the economy and to our way of life."
The trust was established in 1959 to protect historically, architecturally and culturally significant buildings, such as the stone warehouses on the Halifax waterfront, now the Historic Properties.
"As you walk around Halifax, you may see vacant sites," Mr. Pacey said. "These were once the sites of fine buildings. They are demolition sites. They do not contribute to the economy."
The trust would like the federal government to introduce a program similar to one first implemented by former U.S. president Ronald Reagan. That program provides tax credits for the restoration and repair of historic buildings, Mr. Pacey said. That program is still active.
In 2003, the federal government introduced a program that provided financial incentives to encourage the private sector to conserve and restore heritage buildings, rather than demolish them. That program was closed to new applicants in September 2006.
(
rwoodbury@herald.ca)
http://thechronicleherald.ca/Metro/1000108.html
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Quote:
As you walk around Halifax, you may see vacant sites," Mr. Pacey said. "These were once the sites of fine buildings. They are demolition sites. They do not contribute to the economy.
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Ahuh, ahuh...and you know what does contribute to the economy? New construction!
Bah, this guy annoys me.