Preservation is so much more than saving old buildings; it’s about the people and the places they care about. So is the case with City Mills. In addition to a lot of luck, important timing, and a little good karma, the saving of City Mills is due to the planned gift of Mrs. Sarah Turner Butler, the over 300 donors of the Save Me A Place Capital Campaign, and the private investment of Ken Henson.
Because of these passionate and preservation-minded people, Historic Columbus was able to partner with Ken Henson to save and stabilize the National Historic Landmark. This month, City Mills Properties LLC (jointly owned by Ken Henson and Historic Columbus) signed a Letter of Intent with Green Coast Enterprises, a New Orleans based development firm. The mixed-use project will consist of renovating the two remaining historic buildings and possibly new construction.
The Letter of Intent to purchase and revitalize the property is contingent upon a New Market Tax Credit allocation and receiving the Historic Rehab Tax Credit. Both applications have been submitted for review. These programs will ensure the landmark’s economic viability and the historic character of the buildings will be maintained.
Once receiving tax credit approvals, Historic Columbus’ $1.2 Million investment will be returned in full to be used for preservation efforts again and again in the Janice Persons Biggers Revolving-Redevelopment Fund. City Village, East Wynnton, East Highlands, and Waverly Terrace are just a few of the historic neighborhoods where Historic Columbus’ revitalization funds will be focused. We are so excited about our next 50 years and we are grateful for your support of historic preservation.