Your extensive contact with the major players on the regulatory as well as corporate side of the federal programs keeps all parties talking the same language and provides a single point of contact for questions”Clemens Center
Plymouth Soundings, LLC was formed in 2002 when Darlene Smolik was contracted to be the Project Coordinator for the $31.5 MM restoration and rehabilitation of the Tennessee Theatre in Knoxville, TN. During this 3 year project and reporting directly to the Board of Directors, she was charged with oversight and coordination for all aspects of this project.
This Historic Rehabilitation of a 1928 theatre provided valuable experience in planning, design and construction challenges in historic rehabilitations. This project also provided intensive experience in “twinning” Historic Rehabilitation Tax Credits and New Markets Tax Credits.
The Tennessee Theatre restoration and rehabilitation was the first nonprofit owner project to be financed by the National Trust for Historic Preservation using this “twinning process.” This restored landmark in downtown Knoxville, Tennessee reopened in January 2005 as a fully modernized performing arts center and was named the 2005 National Preservation Honor Award Winner. This experience combined with a background in both the public sector and in industry, uniquely positions Plymouth Soundings to meet the needs of its Tax Credit clients.
Since 2002, Plymouth Soundings, LLC has been involved in all phases of project execution and subsequent operations compliance that involves Federal and State Historic and New Markets Tax Credits tailoring services to the unique needs of each individual client.
As of 2013:
- Total cost of projects completed approximately $300 Million;
- Allocations for NMTC qualified projects approximately $180 Million;
- Allocations for Federal and State Historic and New Markets Tax Credits approximately $120 Million.