June 7, 2013 Supreme Court denies Boardwalk appeal. With the Kittredge groundbreaking later this month, HBI eagerly awaits the IRS?s next move.
In the wake of the Third Circuit Court of Appeals? Boardwalk decision, which denied the allocation of federal historic tax credits to the project?s corporate investor, a chilling effect descended over the historic tax credit market. The deal structure utilized in Boardwalk, which was consistent...