Unlocking Historic Tax Credits for Distinctive Commercial Landmarks

In the March 2026 Historic Tax Credit Tool Box article in the Novogradac Journal of Tax Credits, Cindy Hamilton discusses how the iconic Mai-Kai restaurant, a Polynesian-themed restaurant near Fort Lauderdale that opened in 1956, was brought back to life after a nearly $20 million rehabilitation supported in part by historic tax credit (HTC) equity. The piece goes beyond a compelling preservation story to highlight a broader opportunity: how HTCs can unlock value in unconventional, experience-driven commercial assets that don’t fit the typical mold. For developers and investors, it’s a powerful reminder that even the most distinctive properties can become viable, financeable projects with the right strategy. Click through to learn more about how this unique project came together.