A non-profit organization finally realized dreams of helping the city of Newark attain a nationally recognized historical status. Newark Alliance says that the more than 70 buildings add to the atmosphere of Newark, so property owners might as well benefit from it.Buildings are elligible for 20 percent of a historical tax credit. That means if you spend 1-million dollars you can get a 200-thousnad dollar tax credit as long as it qualifies.
City officials say that national and historic recognition is worth the years of campaigning for historic status.
Property owners are simply glad it came to fruition.
Almost all of the owners of historic buildings in Newark cooperated, and now the city sits on the national registry with som many other municipalities in America.