Tax Credits, PUDS and TIFs vs. Property Value

[Christopher Goldie]

Hypothetically, as a builder / developer, would you pay a slight premium for property that has the federal historic tax credit of 20%, a state historic tax credit of 25% and a city empty building tax credit of 25% - capped at $500,000, as well as a dense mixed use approved PUD, and a tentative $5 mil TIF district for the site?

I'm putting together  a development that contains 300,000 sf of building, 200k of which is being approved for historic tax credits and all qualifies for empty building. I would be looking to sell off some of the building to fund the overall development and was curious to what additional value the above brings.