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August 6, 2020

Anthony D. Delfre interviewed for, “Ohio Awards Tax Credits to 7 Cleveland-Area Redevelopment Projects,”

Anthony Delfre, Managing Director and Head of BGL’s Real Estate Advisors Group, is interviewed in this article reviewing the $5 million tax credit awarded to the Erieview Tower, renovation plans for the Tower, and the effects of the COVID-19 pandemic.

“The reality is that oftentimes building a ground-up project is more efficient and less expensive than rehabilitating and converting to an adaptive reuse,” said Anthony Delfre, a managing director at investment bank Brown Gibbons Lang & Co. “So the tax credits are critical as it relates to being able to implement the conversion.”

“COVID has had a pretty significant impact on hotels, and it’s a global issue just given the travel restrictions,” he said, “so we think the other uses — multi-family, office — provide some protection against some of the challenges related to hotel capitalizations right now.”

For Anthony’s other insights, read this article in its entirety on