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Friends of Nathaniel Witherell Secure $4.49 Million

Liquidate tax credit to help Project Renew

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Greenwich, CT | Added on May 18, 2015 At 09:59 PM

The Friends of Nathaniel Witherell have helped secure a over $4 million historic income tax credit to offset the construction costs of Project Renew, the project to modernize and refurbish Witherell, the short-term rehabilitation and long-term nursing care center owned by the Town of Greenwich.

After the Nathaniel Witherell Historic District was listed in the National Register of Historic Places in 2010, the organization received an award of a State income tax credit of $4,490,918. The credit was then sold to Eversource Energy and on Tuesday afternoon, a check in that amount was presented to the Town of Greenwich.

"We do this with multiple agencies each year. We are really focused on two areas, economic development and historic buildings. In this case, both things come together very nicely," said Kenneth Bowes, Vice President of Distribution at Eversource Energy.

"As we know, Witherell is one of Greenwich's treasures. By having this public-private partnership, I think it keeps the tradition alive of how it was initially established," said First Selectman Peter Tesei.

To date, over $9 million has been raised by the Friends of Nathaniel Witherell through private citizens, foundations and public sources. Project Renew was completed in the Fall of 2014, updating the 112-year-old facility.

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