The building where E&E Glass once operated may have a new life soon, should Rosewood Services succeed in acquiring a grant from the state to offer tax credits to fund its renovation. But, a request for a letter of support backing Rosewood’s application for the Kansas Department Of Commerce Community Service Tax Credit Program was tabled until next week in order for commissioners to look further into who exactly will benefit from the proposed renovations.
If approved, the tax credit program would be used to remodel the property at 1117 Williams St., and open the Rosewood Creations Center, said Anna Hammond-Bodine, director of development for Rosewood.
According to Hammond-Bodine, the proceeds of the tax credits would be used to remodel the old E&E Glass building on Williams Street. “Who would receive the benefits of renovating that building,” Commissioner Straub asked. “In other words, who has ownership of that building?”
“Right now Rosewood Services leases it from another entity,” Hammond-Bodine replied.
“So, any improvements to that building would be retained by the owner of that property, correct?,” Straub asked. Hammond-Bodine replied in the affirmative.
“Okay, I just want to make sure the public is clear that these tax credit programs don’t necessarily benefit just the non-profit organization as they should,” Straub said. “They also benefit the private entity that owns the real estate that the improvements are being done to.”
(Read more: Great Bend Tribune – Local News)