Boca mulls attracting money to save its history
New tax breaks are in the works for history buffs willing to invest in the past.
A new ordinance that city staff members are working on would mean incentives for owners of property that is locally designated as historic. If the City Council approves, it would mean owners wouldn’t have to pay city or county taxes for 10 years on any value added by improvements they do.
And it could also mean Boca could tap into a pot of $100,000 in federal money that’s distributed throughout the state to help preserve historic homes and neighborhoods.
Such an ordinance could provide incentives to stop wrecking balls like the ones that took out the Boca Raton Army Airfield headquarters last week. The former site for World War II radar training has been bought by a local developer who was not interested in keeping the structure intact.