Posted at: 12/10/2012 6:44 AM
By: Associated Press
U.S. Senator Charles Schumer is heading to Rochester and Schenectady to talk about plans to help revitalize dozens of city landmark buildings.
Schumer is proposing an extension of tax credits to encourage developers to renovate underused historic buildings. He wants to extend the New Markets Tax Credit, set to expire at year's end, and he supports the Creating American Prosperity through Preservation Act. The latter would increase the Historic Tax credit and make more buildings eligible.
In Rochester Monday morning, Schumer will tour the Academy Building. He says his plan would also help landmarks such as the Eastman Dental Dispensary, Sibley Building, and Cox Building.
In Schenectady, Schumer says his plan will aid revitalization of landmarks such as the Alco site, Robinson Furniture Building and the Foster Hotel.