In a letter to business owners in the area, the Downtown Tupelo Main Street Association said nomination to the National Register will be sought next month by the Mississippi National Register Review Board.
An advantage of Historic District designation is that it provides eligibility for federal tax provisions and state tax credits. Also, any federal grants can be applied for.
Our main focus is an economic development tool. Property Owners do not have to do anything to their property because of a designation,” said DTMSA Director Debbie Brangenberg. “If they do, they will follow the same design criteria that is already in place for downtown, and also apply for the Income Investment Tax Credits. In other words, nothing changes from what already exists, this designation simply gives us an incentive that we have not had.”
Also, listing on the National Register doesn’t require property owners to open up their properties to public visitation
An overview of the National Register will be held Monday, Feb. 24 at 5:30 p.m. in Tupelo City Hall in the Council Chambers.