SPRINGFIELD, Ill. (WEEK) — Representative Jehan Gordon-Booth was in Springfield Thursday to discuss a bill that would bring incentive for people to buy old, abandoned schools.
House Bill 3025 would create a school building rehabilitation tax credit.
Gordon-Booth says there’s hundreds of old schools across the state that have been sitting empty.
Joining her before a House subcommittee was artist Jonathon Romain. He recently bought the old Greeley School in Peoria to convert into an art space after the school sat vacant for years.
“What we’re looking to do is provide incentive so that individualist that are looking at these often time buildings as an attractive investment,” said Gordon-Booth (D-Peoria).
The income tax credit is equal to 25 percent of the qualified expenditures.