Empty building on La Crosse’s northside not eligible for historic tax credits
LA CROSSE, Wis. (WKBT) — Purchasing the former Buzz’s Bike shop building in La Crosse could cost future owners more than initially thought.
The city found out the building and the Masonic temple attached to it on Rose Street is not eligible for historic tax credits.
This is because of the all the renovations made on the building throughout the years. More work could also be needed to keep the building up to code.
The credits would’ve made redeveloping the building less expensive for any future owners.
Despite the bad news, the city which owns the buildings remains hopeful for a buyer.
“That’s a bit of a setback, but it’s still obviously a great building and there’s still a use out there for it we’re just going to have to work a little bit harder to find it, said Mayor Tim Kabat.
The city is pursuing looking at getting tax credits for just the former bike shop portion of the building, however the mayor says that seems unlikely.
The city is now revising its request for proposal for future applicants.