Project Profile

The Centre at 501

162

Jobs Created

$2,736,737

Tax Impact

$6,885,518

Income Generated

$9,353,796

GDP Added

$18,313,638

Output Generated

The Centre at 501, located in Springfield, Illinois, was originally built as the First United Methodist Church. The building stood as a historic downtown landmark for generations before being vacated in 2008. Now repurposed using federal Historic Rehabilitation Tax Credits, it serves as a mixed-use development, offering residential apartments and commercial office space while preserving historic features. The Centre at 501 supports the growth and well-being of the Springfield community, ensuring its legacy remains a vital part of the city’s future.

Tax Credit Type:
Federal
Address:

501 E Capitol Ave
Springfield, Illinois 62701

Contact us for more information about impact investing, federal and state tax credits.