It is interesting that while people are complaining about the budget cutting down film industry subsidies, no one seems to have noticed the planned cut in historic and brownfield tax credits.

This is a huge issue because it is going to raise the amount of equity required to do projects involving rehabilitation and re-use of historic properties. It will also increase the financing gaps on these projects and condemn quite a few now-vacant buildings to destruction.

Write the Governor and tell him that you value historic redevelopment and think that the state should be encouraging that instead of slash-and-burn development.