A nearly $6 million oversight by state officials on the award of historic tax credits for rehabilitation of the Taylor Tudor buildings should bolster the prospects of local developers seeking the same funding on other projects.
to kick in $45,000 toward getting the architectural centerpiece -- part of a proposed 28-acre mixed-use development in the middle of town off Mayfield Road -- placed on the National Register of Historic Places.will apply this month for its own historic tax credits.
Anderson described the contrast between the Taylor Tudors and the “mid-century modern feel” of the synagogue, where nearly $5.7 million is owed in back taxes. Seren recommended going with theirs after the city issued a formal “request for proposals” the city issued in 2021, receiving four RFP’s in all.
With a nearly $37 million project cost listed by the state for the Taylor Tudor rehab, developers could be looking at closer to $100 million when taking in the synagogue as well as the Taylor Commons shopping plaza across the street as a mixed-use project.
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