Springline was heavily involved with the Flashcube revitalization project from the beginning, developing a financial model to help Worcester Investments make decisions during the planning process and ensuring the project would be financially feasible by leveraging state
and federal historic tax credits.

“Springline was a great visionary for this thing,” Vice President of Construction Jim Calvert of Worcester Investments said. “It’s a complicated road map to navigate through all the historic tax credit issues, state regulations, and the paperwork. They really provided that
road map for us.”

Once the Flashcube was successfully added onto the National Register, Springline helped navigate the federal and state historic tax credits needed to complete the project, including navigating legislative changes that arose during the project. We assisted throughout the construction process, vouching the project costs in accordance with state guidelines, analyzing the draws, and more. We worked with the general contractor and Worcester Investments to identify qualified vs. non-qualified costs, helping them understand what we needed to have broken out. This helped outline everything for an easier cost certification process.

Once the project was complete, we helped with cost certification and claiming their federal credits on their tax return. Outlining everything earlier in the process helped Worcester Investments navigate the state review process and maximize tax credits. “It is always a pleasure working with Springline,” Director of Operations Rachel Consolloy at Rosin Preservation said. “Everyone we’ve worked with is so knowledgeable about the process and always so responsive.”