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Route 66 Corridor Preservation program
In 1999, Congress passed an act that created the Route 66 Corridor Preservation program which is administered by the National Park Service. The program offers cost-share grants to successful applicants to help preserve the most significant and representative historic properties on the mother road. A summary flyer on the program can be obtained at this website--www.cr.nps.gov/rt66 or by clicking here.
Sign Renovations and Restoration
The New Mexico Heritage Preservation Alliance offers tools and resources to entities that have an interest in preserving Route 66 signs--of which De Anza might qualify. More information can be found at www.nmheritage.org or by clicking here.
Historic Tax Credits
According to Ed Boles at the City of Albuquerque, research indicates that the property would be eligible for historic tax credits. The tax credits come hand in hand with restrictions on changes to the property. Up to 200% of the money spent on renovating the property to its former historic status is eligible for a tax credit, paid in annual increments of 20% for a ten year period. Typically large corporations or tax credit syndicates are large enough to use these tax credits, which are often sold at a discount from their face value.
One potential issue related to this program is the fact that the De Anza Motor Lodge has been an evolving structure over the last few decades. At one time the property had carports that have since been filled in with additional units. It was originally built with vigas that protruded from the parapet walls. A decision as to which historic De Anza to restore the property to will have to be dealt with early on in making an application to the federal government entity that manages this process, the National Parks Service .
The lack of firm renovation expenses and lack of information on what "style" of property the would be renovated to, has limited this study from completing a financial model based on historic tax credits. More information on this program can be found here--http://www2.cr.nps.gov/tps/index.htm or clicking here.
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