Three Developers Considering Coal Exchange Building

Updated 31 weeks ago by Tony E. Rutherford, News Editor

Three developers --- two local and one from Chicago --- have expressed an interest in developing the 14 story Coal Exchange Building , according to Tom Bell, executive director of the Huntington Municipal Development Authority.

Bell explained that the WV Legislature declined to address modification of a historic tax credit. He asked that members lobby legislators for inclusion of this in a special session.

Currently, the credit is 10%. A proposal would raise it to 25%.

Bell provided no further specifics on interest in the structure. The board went into executive session to consider possible agreements that would be jeopardized if made public.

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