June 24--MIDDLETOWN -- The Sorg Mansion received $212,500 in tax credits, the Ohio Development Services Agency announced Tuesday. The total project to renovate the South Main Street property is estimated at $1,319,000.
The Sorg Mansion was erected in 1887 for industrialist Paul Sorg. A 1902 renovation by Pretzinger and Musselman architects expanded the Richardsonian Romanesque mansion to its current 27-room configuration. Now vacant, the building, owned by Mark and Traci Barnett, who live in Baltimore, will be fully rehabilitated to serve as an owner-occupied bed and breakfast, the couple has said.
They purchased the Sorg for $225,000 after seeing it listed for sale on the Internet.
This is the first project in Middletown to access the Ohio Historic Preservation Tax Credit program.
State Historic Preservation Office awarded $37.7 million in Ohio Historic Preservation Tax Credits to rehabilitate 35 historic buildings in 13 communities across the state. The projects are expected to leverage nearly $250 million in private investments.
The State Historic Preservation Office reviewed each project proposal to ensure the rehabilitation work undertaken will protect the integrity of each historic building.
"The Ohio Historic Preservation Tax Credit leads to investment in both small towns and big cities," said David Goodman, director of the Ohio Development Services Agency. "These projects strengthen local communities and create construction jobs during the renovation and permanent jobs once the building reopens."
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