Page 41 - Brookings, SD Historic Preservation Plan

Incentives and Benefits
The incentives and benefits component of the preservation program
includes the tools that assist property owners in maintaining histor-
ic structures. Effective preservation programs offer special benefits
to stimulate investment in historic structures, encourage owners to
follow appropriate rehabilitation procedures and assist those with
limited budgets.

Incentives and benefits take many different forms including:
• Financial assistance – property tax incentives and federal in-
come tax credit programs are two examples
• Regulatory relief – focus on avoiding unintentional obstacles to
preservation in other city regulations and also provide added
flexibility in other regulations as they apply to historic resources
• Technical assistance – this is especially valuable to homeown-
ers and small commercial properties, but may also be useful to
institutional property owners
427 Main Avenue, Nick’s Hamburger
Property owners of designated historic resources may be eligible for
one or more of the incentives or benefits offered. Shop, a contributing historic building
to the Commercial Historic District
and individually designated to the
National Register of Historic Places
(W&Co, 2020)

Identification

Incentives &
Management
Benefits

811 7th Avenue, a contributing
property to the University Residential
Historic District (W&Co, 2020)
Advocacy &
Education Partnerships

Administration

Final Draft: February 2021 37