New Market Tax Credits
Through the New Markets Support Company, one of our affiliates, we syndicate federal New Markets Tax Credits to energize retail corridors, and reinforce investment in housing, schools and neighborhood services.
- NorShor Theatre: Our investment included a $750,000 predevelopment loan and $7 million in New Markets Tax Credit allocation through LISC affiliate, the New Market Support Corporation. From the balcony to the box office, the 1910 landmark theater is undergoing a total restoration. At center stage in downtown Duluth’s Historic Arts and Theater (HART) District, the restored NorShor Theatre will bring new economic development, new productions, and new possibilities to the region. For the latest update on opening plans for the NorShor and how you can support Duluth’s amazing new, state-of-the-art, community arts and entertainment center, visit: http://norshortheatre.com/.
- Clyde Park
- Sheraton Duluth Hotel