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[–] 7 points 2 years ago (3 children)

I’ve heard that leaving one wall up like this classifies a construction project as a renovation. I’m guessing this was done because it was cheaper or it’s in a historic district? Idk

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  • [–] 4 points 2 years ago

    I've heard the same. If a property is 'renovated', it retains the same value, tax wise, no matter how much larger the renovated building is.

    Not sure how this plays out with a formerly tax exempt property like a church once it get converted into a non-tax exempt property such as a residential apartment building.

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