Trump’s Historic Shout Out

In President Donald Trump’s visit to St. Charles to tout the federal tax reform, he singled out Randy Schilling, an entrepreneur who has spent several years and millions in private funds renovating historic buildings on St. Charles’ South Main Street

Along with extensive private capital, Schilling has used federal and state historic tax credits as key components of making his South Main Street projects successful. Schilling’s restoration of the Old Post Office – now a home for multiple tech startups – got a special Trump shout-out. From the White House transcript: “Randy Schilling is also here. Where’s Randy? Randy — hello, Randy. (Applause.) He’s the founder of O.P.O. — that’s an interesting name. It’s called O.P.O. Startups and a member to dozens of small businesses in the St. Charles area. He’s a mentor. He really mentors a lot of the businesses, and he’s respected. He also did a terrific job renovating the old post office on Main Street, something I know something about — old post offices. Did he do a good job, by the way? I hear. (Applause.)”

It’s ironic that the President of the United States called attention to Randy Schilling’s success because House tax package which strips out and kills the federal historic tax credits.

The street’s congressman, Blaine Luetkemeyer, who flew in with Trump aboard Air Force One, voted for that proposal.  So did his fellow air passengers, Sam Graves, Ann Wagner, Vicky Hartzler, Jason Smith and Billy Long.

All of those lawmakers represent communities (including Cape Girardeau, St. Joseph, Springfield, Joplin, Columbia, Excelsior Springs and Hannibal), where the federal and state historic tax credits are revitalizing downtowns and neighborhoods.

The Senate version, meanwhile, keeps the 20% federal historic tax credit but shortens its amortization timetable – a position likely supported by Senator Roy Blunt.

 

Originally in December 1 MOScout.