The Divine Lorraine Hotel, a 19th-century North Philadelphia building that had fallen into disrepair, has been rehabilitated into apartments and retail and restaurant space. Credit Mark Makela for The New York Times

In Philadelphia, losing the tax credit could have a devastating effect on efforts to defend the historic building stock, said Harris Steinberg, executive director of Drexel University’s Lindy Institute for Urban Innovation and chairman of the new preservation task force. “It very well could lead to more demolition of unprotected historic fabric,” he said.

Source: As Construction Booms, Philadelphia Seeks to Preserve Its Past – The New York Times