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New Wisconsin tax credits to help Hotel Northland expansion

Hotel Northland plans get a major boost towards completion.
Green Bay, Wis.(WFRV)- Legislation to increase tax credits for renovations of historic buildings is bringing the rebirth of the Hotel Northland closer to reality.

The State Senate approved a bill, raising historic renovation tax credits from 10% to 20%. That includes a 20% state match for structures like Hotel Northland that were built before 1936. Developers say renovation can now move forward.

"If we were at a six, in terms of completion of the project," says Mike Franzt of Frantz and Hobart Community Investors, "On a scale of one-to-ten, we've moved to a nine as a result of that."

Frantz hopes for a March 21, 2015 grand opening. That date also marks the 91st anniversary of when construction first began on the Northland.


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