Unlocking the Past: How Historic Building Restoration is Revitalizing South Carolina's Communities

In a remarkable feat of preservation and revival, the story of Savage Craft Ale Works in West Columbia, South Carolina, exemplifies the transformative power of historic building restoration. This once-forgotten fire station and jail house has been given new life, thanks to a state tax credit program that has catalyzed the rehabilitation of over 2,200 properties across the Palmetto State. As Governor Henry McMaster celebrated the extension of this critical initiative, the broader implications for South Carolina's communities came into sharp focus.

Reviving the Past, Shaping the Future

A Second Chance for Abandoned Buildings

When Andrew Baumgartner set out to open a bar in 2017, he found the perfect canvas in the form of a dilapidated fire station and jail house. However, the financial realities of such a large-scale project initially dashed his dreams. That was until the state's tax credit program for abandoned buildings was extended in 2018, providing Baumgartner with the crucial support he needed to breathe new life into these historic structures. By tapping into the maximum 0,000 credit per building, he was able to transform the once-forgotten properties into the bustling Savage Craft Ale Works, which opened its doors in 2021.

Preserving South Carolina's Storied Past

The importance of preserving historic buildings extends far beyond mere aesthetics. These structures serve as tangible links to the state's rich history, from the Native American tribes to the European settlers, and the soldiers who fought in the Revolutionary and Civil Wars. As Governor McMaster eloquently stated, "Supporting the preservation of old buildings is especially important in a state like South Carolina, which is rife with history." The tax credit program has become a vital tool in safeguarding this legacy, preventing the demolition of structures that have borne witness to the state's evolution.

Revitalizing Communities, One Building at a Time

The impact of historic building restoration extends well beyond the individual properties themselves. As Rep. Micah Caskey observed, the rehabilitation of abandoned structures can have a ripple effect, inspiring further investment and revitalization in the surrounding areas. By transforming eyesores and potential safety hazards into thriving businesses, community centers, or affordable housing, these projects breathe new life into neighborhoods and foster a sense of pride and belonging among local residents.

An Economic Boon for South Carolina

The economic benefits of the tax credit program are equally compelling. According to the latest data, the state has provided over million in tax breaks to more than 2,200 properties since 2013. This investment has not only supported the restoration of historic buildings but has also generated significant returns. In the case of Savage Craft Ale Works, the business has brought in more revenue over the past three years than the tax credits it received, a testament to the program's ability to stimulate economic growth.

Securing the Future through Preservation

The extension of the tax credit program, coupled with the increased maximum reimbursement per property, has been hailed as a crucial step in safeguarding South Carolina's architectural heritage and fostering community development. As Sen. Tom Davis noted, the program's continuation will allow for more and larger-scale projects, enabling developers to tackle ambitious undertakings that would have been financially infeasible without state support. By preserving the past, South Carolina is positioning itself for a future where historic buildings serve as vibrant hubs of economic and social activity, enriching the lives of residents and visitors alike.