When it comes to turning old buildings into new buildings, Louisiana sets the standard. Andrea McCarthy, the tax credit program director of the Louisiana Office of Cultural Development, says since 2021, Louisiana has rehabilitated more than 400 historic buildings, including several in New Orleans.
“The biggest project we’ve had there, that’s been completed, is the World Trade Center building, which was completed a couple of years ago,” McCarthy noted.
Last year, Louisiana completed 94 projects using federal tax incentives for rehabilitating historic buildings. That’s the second most in the country, ranking only behind New York. McCarthy says in order to qualify for the tax incentive, the rehabilitated building must produce income, like a hotel, and it has to be listed on the National Register of Historic Places…