Downtown East St.

Louis
Historic District
East St. Louis (St. Clair), Illinois
State Approval: June 27, 2014

Federal Listing: By August 31, 2014

Historic Tax Credits Available Within District

-- Federal Historic Rehabilitation Tax Credit: 20%

-- Illinois River Edge Historic Tax Credit: 25%
Historic tax credits are issued after rehabilitation
is complete. This means that no developer gets
the money until after doing the project, and that
city government captures tax dollars while the
project is underway.
MURPHY BUILDING

(Already abated for lead & asbestos, unlike
the Broadview & others.)
Murphy Building
Recommendations
Basic Due Diligence: Engineering Report
Necessary for demolition anyway, would determine structural problems. (Illinois EPA
commissioned a report in 2012 that found no severe problems save rear walll.)

Development Diligence: Cost Benefit Analysis
What are the potential property and sales tax yields to East St. Louis for demolition, and
for rehabilitation? Does demolition cost more than stabilization? Good data helps make
good decisions.

Request for Proposals
Who knows that this building is eligible for tax credits? And that it is abated?

Stabilization
Remove collapsing rear wall (still eligible for historic tax credits), roof, structural
supports. City should procure bids, evaluate against demolition cost. (St. Louis about to
embark on demolition OR stabilization funding.)




What St. Louis Knows About the
Power of Historic Tax Credits
Monroe at Blair in Old North St. Louis, 2005
Monroe at Blair in Old North St. Louis, 2007
Freedom Place (4011 Delmar Boulevard)

National Register Listing: 2008

Redevelopment Started: 2014

$12.7M project; 20 studio apartments, 24 one-
bedroom units, 16 two-bedroom units and eight
three-bedroom units

Metropolitan Building

National Register Listing: 1977

Redevelopment completed: 2013

$25M ; 72 artist live/work spaces

Rehabilitation required complete replacement of
about 35% of the roof, 20% of the 8
th
floor, and
about 10% of the 7
th
floor and all the remaining
floors were reinforced with structural decking.
Forest Park Hall

National Register Listing: 2001
Redevelopment completed: 2009

$2M project

Rawhide Building

National Register Listing: 2001

Redevelopment completed: 2009

Hammond Lofts

National Register Listing: 2009

Redevelopment completed: 2014

$13.7M; 56 apartments