Page 106 - Plano, TX Heritage Preservation Plan

INCENTIVES & BENEFITS

Description
Effective preservation programs manage heritage resources through protective
tools and through incentives for property owners to designate. Effective
incentives and benefits encourage property owners to follow appropriate
rehabilitation procedures, stimulate investment in heritage resources, and assist
those with limited budgets. Incentives and benefits can include:

A Financial or technical assistance;
A Tax or regulatory relief such as streamlined review;
A Special flexibility in building codes.

Summary of Issues
A Additional financial support is needed for heritage preservation.

Incentives, Benefits, & Recognition Policy Statement
Promote financial incentives and other benefits that stimulate investment in
historic properties throughout Plano.

Recommendations
A Coordinate the existing heritage tax exemption and grant programs with
other city programs, such as the Great Update Rebate.

A Create a façade improvement grant program to encourage rehabilitation
of historic storefronts downtown.
A Encourage property owners to seek additional funding sources and
economic incentive programs for maintenance and restoration.
A Inform property owners of available tax incentives by developing
outreach materials and hosting workshops.

Cover of The Great Update Rebate brochure A Assist property owners with historic tax credit applications.
A Visually brand historic districts and individual heritage resources through
the use of plaques, markers, or other signs and reward successful
preservation efforts.
A Create a preservation awards program to raise awareness of preservation
2018 successes throughout Plano.

Tax Exemption Program Participant decal that
property owners can place on their building to
indicate participation in the program

106 Preservation Plano 150 NOVEMBER 2018