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Luncheon Speaker Series: Historic Preservation: The Impact of Historic Tax Credits

Tuesday, June 20, 2017

In cities such as Cleveland, many downtown and neighborhood revitalization efforts would be difficult, if not impossible to finance, without the use of Federal and State Historic Tax Credits. In fact, through 2015, the Federal Historic Rehabilitation Tax Credit program has been used nationally to preserve over 42,000 historic buildings while leading to the creation of over 2.3 million jobs. As an economic tool, this program returns more to the US Treasury than it costs; the Treasury receives $1.20 to $1.25 in tax revenue for every dollar invested. According to the National Parks Service, since inception, $23.1 billion in federal tax credits have generated more than $28.1 billion in federal tax revenue from historic rehabilitation projects.  Similarly, the State of Ohio’s Historic Tax Credit program has resulted in the successful completion of 878 projects from 2002 through 2015, resulting in over $2.8 billion in total development.

Developers (both for-profit and not-for-profit) continue to rely upon the Federal and State Historic Tax Credit program to help fund their historic renovation projects. SMPS NEO is pleased to assemble a group of developers that are actively developing historic properties throughout the region to lend their perspectives about the merits and challenges of these types of projects. Additionally, they will describe the project team collaborations that are essential to successfully completing their efforts.

Moderator - Tom Yablonsky, Executive Director, Warehouse & Gateway District

Thomas J. Yablonsky has 36 years of experience in management, city planning, community development, and economic development finance.  He has founded or helped initiate three historic preservation development programs, including the Warehouse District and Gateway District in Downtown Cleveland.  The third is as co-founder of Canalway Partners, which is a collaborative partner in a regional effort now known as The Ohio & Erie Canalway, which runs 110 miles from Tuscarawas County north to Downtown Cleveland.

Since 2001, Yablonsky has jointly held the position of Executive Director for the Historic Warehouse District Development Corporation and the Historic Gateway Neighborhood Corporation.  Since August of 2006, he has also served as the Executive Vice President of the Downtown Cleveland Alliance.  Previously, he was Director of Downtown Development for the Greater Cleveland Growth Association.  Statewide he has been involved as a Board Member of Heritage Ohio.  He holds a graduate degree (MPA) from Indiana University- Bloomington and a BA degree from Cleveland State University.


Antonin Robert, Chief Production & Compliance Officer, global X

Antonin is a Partner at global X and leads the firm’s project management and execution team. With over two decades of executive experience in financial management, operations, and marketing, his responsibilities include implementation of client engagements and the successful completion of complex transactions between tax asset investors and developers. In addition to his day-to-day responsibilities, Antonin manages and develops relationships with key developers and other real estate industry insiders and helps foster growth relating to the firm’s real estate portfolio. Furthermore, he leads advocacy efforts within the industry to foster support for key programs in support of historic redevelopment. Antonin also spends considerable time with industry participants forging relationships to advance the practices of the historic incentives industry.

Tom Einhouse, VP Facilities and Capital, Playhouse Square

At the start of his 35 year career with Playhouse Square, Einhouse concentrated on the restoration of the five historic theatres that comprise the now - nine performance spaces of Playhouses Square, the world’s largest theater restoration project and the nation’s largest performing arts center outside New York City. In addition, Einhouse has been involved in the redevelopment of Playhouse Square’s million square foot commercial real estate portfolio by overseeing numerous multi-million dollar projects.

Adelbert "Chip" Marous, President, Marous Brothers Construction

Chip is an entrepreneur and accomplished Master Carpenter who started the Midwest’s leading Construction firm with his brothers Scott and Ken more than 35 years ago. Chip is recognized as a leader, actively guiding our region’s business community, and has received more than 100 honors and awards for renovation, craftsmanship, construction, and neighborhood revitalization. 

Chip utilizes his keen eye for detail to establish corporate policies and strategies for the growth of the company, maintaining high levels of quality, safety, and service, all while continuing to implement his knowledge of estimating, design, and preconstruction decision-making on incoming projects, ensuring a legacy of hands-on projects and partnerships.

Guiding the Design/Build Group and staff Architectural Historian, Chip has completed historic renovation projects with a total construction value of $750M+, many of which were awarded both Federal and State Historic Tax Credits. His risk management approach to redevelopment is most currently being applied to the historic renovation of several buildings in Downtown Sandusky, as well as at Lion Mills in Cleveland.

Neil Viny, Principal, Dalad Group



Member - $30

Non-Member - $45

Student - $15

Registration increases by $10 at every level after noon on 6/15.

An important note about parking at the City Club:

Please allow extra time for parking. Discounted parking is available between the hours of 11 AM and 2:30 PM at the AMPCO Euclid/Prospect parking garage, located West of the City Club. However, this lot will fill up very quickly and parking is NOT guaranteed in the lot. Additional, non-discounted downtown parking can be found in the Atrium Garage (645 W Prospect) and Osborne (1057 Prospect Garage), and the Q Arena lot (4th and Prospect). $10 valet parking is also available now at the 9. Please make sure to bring your ticket to the City Club and they will replace it for a new ticket that you take back to the 9.  However, you are on a two-hour time limit. 

More parking information can also be found here.

If you are taking public transportation to the City Club, the RTA's free trolley service stops in front of the building and the health line stops just on the other side of the intersection.

Register for Event  

Event Location

City Club, 850 Euclid Avenue #200
Cleveland, Ohio
When: 11:30 am - 1:30 pm

Event Sponsors

Chambers, Murphy & Burge / A Studio of Perspectus Architecture
Marous Brothers Construction
Thompson Hine/PMC

Sponsor the Event

What our sponsors are saying...

“SMPS has been a tremendous resource to our company [CBLH]. It has reshaped the way we conduct marketing. All of their programs, seminars, articles and conferences have given us the ability to educate our marketing staff on the changing tactics and strategies facing our industry. Lastly, we have built relationships through all the networking opportunities SMPS offers. It only made sense to support our chapter through sponsorship as they have supported us”.

John Rach, AIA, Director of Marketing
CBLH Design, Inc.

“We are proud once again to support the local SMPS Northeast Ohio Chapter as renewing Annual Sponsor, and have been actively engaged with the SMPS NEO Chapter for over 5 years now. It has been a pleasure to be a part of the SMPS NEO family, as it has brought us closer together with the local A/E/C community and has created new partnerships with fellow SMPS'ers.”

PCS Annual Sponsor

"My membership with SMPS was gifted to me while working at Karpinski Engineering and while I was hesitant to get involved in the operations of the board, I can’t imagine life without SMPS and my fellow committee members. Volunteering has afforded me not only great professional relationships, but great friendships as well. I truly believe our board members are the best around and some of the hardest working individuals I know. In short, I joined SMPS for the educational resources and have stayed for the relationships and interaction with fellow contemporaries and the fun."

Vanessa Aron

"As someone who was new to the industry, I was inspired by the NEO board members and all the hard work and dedication they put in to provide this region with an organization that is educational, entertaining and that puts you face to face with some of the most significant people throughout the A/E/C industry. As Membership & Social Media Chair, if I can give back to others half of what SMPSNEO has given to me; my job will have been a success."

Dave Eyssen
Precision Environmental Co.

"I discovered SMPS while looking at a Properties Magazine (no plug intended) and had a discussion with the owner of my firm, Scott Maloney. He encouraged me to get involved but stressed to really be engaged and take a role in the organization to really get something out of your membership. He was right! It was easy to engage with such a great group of people but really getting involved, being a part of the organization and not just an attendee has really opened up doors and introductions that would not have been possible. Coming from outside of the A/E/C industry prior to working at K2M, SMPS really helped me to understand and grasp this dynamic industry."

Stephanie C.
K2M Design

“The Mentor/Protégé program provided me a third-party resource to help me clarify and realize some of my career goals. By working with a mentor, I was able to identify those areas where I could improve my marketing skills, but also helped me see where my strengths were of benefit to my organization. I highly recommend this one-on-one program!”

Tamara Zupancic
Tec Inc.