From the Evansville Courier and Press:
On Thursday, GAGE announced that Evansville's former Whirlpool plant, now called Park 41, has been designated as an Industrial Recovery Site. The informal term for such sites is dinosaur buildings.
The program, administered by the Indiana Economic Development Corp., provides tax credits of up to 25 percent of the cost of remodeling, repair or improvements to a Dinosaur Building.
"It's a way to revitalize the entire facility," said Katelyn Hancock, spokeswoman for the Indiana Economic Development Corp.
Companies located in a Dinosaur Building must apply to the state development corporation to receive the tax credit, Hancock said.
To qualify, a building must have been in service for at least 15 years, with at least 50,000 square feet and must have been at least 75 percent vacant for a year or longer.
Whirlpool shut down its refrigerator plant in 2010. The Kunkel Group, an Evansville developer, purchased the building in April 2011.
The 1.5 million-square-foot building currently has nine tenants.
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http://www.courierpress.com/news/2012/may/25/park-41-dubbed-dinosaur-building/
