Business View Magazine - November 2016

Business View Magazine - November 2016 133 historic building have some flexibility in updating that facility for new uses. We also have an incentive for de- velopers to invest more than 75 percent of the value of the building into the building, which is not a high threshold when you look at the value of some of these buildings – only a couple of hundred thousand dollars. So putting a hundred to a hundred and fifty thousand into a building like that is pretty reasonable. And they get a tax break on their taxes for up to 13 years, de- pending on what it is they’re doing in that structure, whether it’s housing or commercial. So, we’ve definite- ly seen people using that incentive.” The city incorporates sustainable building principles in all of its developments and encourages it elsewhere. “Any new construction that happens or any retro-fitting of an existing commercial building will incorporate cer- tain smart growth principles for the site plan, as well as any LEED energy-saving principles,” she states. “We don’t always require LEED certification, for example, At Frisbie, our commitment to develop community partnerships allows us—and our partners—the enhanced ability to improve the whole health of our community and its members. It’s about creating community partnerships. frisbiehospital.com