What: Preservation NC Presenting Award for Revolution Mill Rehabilitation at Public Ceremony
When: Wednesday, October 18, 2pm to 4pm
Where: 1250 Revolution Mill Drive, Greensboro, NC
Who: Speakers include Congressman Mark Walker, Greensboro Mayor Nancy Vaughan, Preservation NC President Myrick Howard and Self-Help EVP Tucker Bartlett.
GREENSBORO, NC – Revolution Mill is hosting a public event this Wednesday at 2pm to celebrate completion of the Campus’ first phase of redevelopment. Preservation NC will also present its Gertrude S. Carraway Award of Merit in recognition of Self-Help’s work in preserving and rehabilitating Revolution Mill. Self-Help is owner and developer of the $100 million Revolution Mill redevelopment.
The event comes at a critical time for historic preservation as the future of the Historic Tax Credit, as well as the New Markets Tax Credit, depend on congressional support for maintaining the credits as comprehensive tax reform legislation is considered.
“The Historic Tax Credit, as well as the New Markets Tax Credit, made it possible to attract private capital to the Revolution Mill redevelopment and projects like it nationwide,” said David Beck, Self-Help Policy Director. “Historic rehabilitation is by nature expensive and private investors need incentives because of the additional risk inherent in these projects. But the payoff is huge. Revitalizing Rev Mill not only helps preserve our history it’s helping drive Greensboro’s economy by creating jobs and providing places to live, work and play while also increasing the tax base.”
Preservation NC’s Carraway award is named in honor of the late Dr. Gertrude S. Carraway, a noted New Bern historian and preservationist. Presented since 1974, the Awards of Merit give deserved recognition to individuals or organizations that have demonstrated a genuine commitment to historic preservation through extraordinary leadership, research, philanthropy, promotion, and/or significant participation in preservation.
Self-Help purchased Revolution Mill in September 2012. One of Greensboro’s most significant landmarks, the Campus is being transformed into a multi-acre, mixed-use development. Revolution now features 1,260 permanent jobs, affordable housing, market rate housing, creative space specifically reserved for entrepreneurs/innovators, multiple restaurants, a permanent art gallery, a greenway, and multiple outdoor performance spaces for festivals, movies and concerts.