State’s Estimated Cost of Fort Piqua Hotel Rehabilitation
Last Thursday (3/13/2008), the Ohio Department of Development posted the publication: Approved Historic Preservation Tax Credit Applicants (in Adobe PDF format) on their web site. The following information can be found on page 3 of that document.
Fort Piqua Hotel (Piqua, Miami County)
Total estimated value of credit: $3,675,563
Estimated qualified rehabilitation expenditures: $14,702,251
Total project investment: $19,673,703
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Would you expect it to be less that 2 times the original estimate?