State of Ohio Awards $714,000 Tax Credit for Renovation of Historic Potter Davis Building in Cambridge, Ohio

An award from the state of Ohio brings a team planning on rehabilitating the century-old Potter Davis Building in downtown Cambridge one step closer to their goal. The $713,489 state historic tax credit was awarded after a competitive process. It is the first of its kind made to a project in Cambridge.

Vacant for decades, the Potter Davis Building is envisioned as the new headquarters for the Area Agency on Aging, Region 9 (AAA9), which coordinates care for the growing elderly population in a 9 county region serving East Central Ohio. As planned, the new building will allow AAA9 to consolidate their staff from three separate offices into one, which will cost them less to operate even as it provides them more space.

“AAA9 is very excited about the possibility of a new office, one which allow us to better serve older adults and disabled people in our region and their caregivers,” said Jim Endly, executive director and CEO of AAA9. “Getting this state tax credit is a major milestone in this process.”

The renovation of the building will maintain over 100 jobs in downtown Cambridge, and will boost the vitality of the Wheeling Avenue Historic District, a collection of vintage commercial buildings dating back to the 19th Century.

“Fixing up Potter Davis is a win for everybody,” said Norman Blanchard, Economic Development Director of the Cambridge-Guernsey Community Improvement Corporation, which has helped to sponsor the project. “AAA9 gets a new, modern office, our seniors get improved service, and Cambridge gets new investment in its downtown.”

The team is also seeking a federal tax credit to complete their financing. Current plans are for the building to be ready for AAA9 in 2018.

Besides AAA9 and the Port Authority, other members of the team include the Potter Davis Development Group (the building’s current owners), the City of Cambridge, Community Building Partners, and DS2 Architects.  Wesbanco is providing the financing.

NEWS INQUIRIES: Please call the Cambridge-Guernsey Community Improvement Corporation at (740) 432-1881.

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