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Historic Tax Credits for Developers A Guide to Syndication and Beyond Iped February 8, 2007 Los Angeles, CA Portland Oregon National Guard Armory Annex Location Before After Success * * Inside the Box John M. Tess President Heritage Consulting Group Built 1891 Building Materials: Stone Brick Wood-truss roof system Uses: Armor Storage Shooting Range Drill Hall Event Hall Prior to its extended vacancy the Armory was a beer warehouse 10 Years of knocking ideas around Health club Big box retailer Demo Theater Drawbacks Mass Few windows/little light Poor ventilation Parcel worth more than building Pearl District/Brewery Blocks A Enormous Endeavor Convert the Portland Oregon Armory Annex building into a performing arts theater using sustainable design. Goals Create a center for the performing arts Demonstrate practical elements of green restoration Rehabilitate a historic building Make it a successful Tax Act project 2 Basic Issues Successful Theater Platinum LEED Certification Issue 1 Achieve financial success to secure the future Box within a Box World Class Theater Design Staging Sightlines Acoustics Multiple Venues NPS concern was maintaining a sense of interior volume Issue 1 - Resolution Resolved by extensive use of glass and extraordinary effort to maintain sightlines. Particular Challenge of Designing the Atrium Serve the Theater Meet the Secretary’s Standards Issue 2 To become the first project to achieve a Platinum LEED Rating while using Federal Investment Tax Credits Issue 2 LEED Certification required daylight and passive air systems NPS was concerned with the visual impacts on the exterior Issue 2 - Resolution Located offices on top of the box with the roof exposed Negotiated number and location of skylights and vents Low profile skylights and Equipment Painted to match roof The project achieved a Platinum LEED rating, a first for a historic building First in the World John M. Tess President Heritage Co
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