A $4.8 million conversion of the former Church of the Epiphany into a performance and events venue with art gallery and studios will be supported by a Class L property tax incentive.

201 S. Ashland LLC would use the incentive to rehabilitate the property at the southeast corner of Ashland Avenue and Adams Street into the Epiphany Center for the Arts. Work will include masonry and stained-glass window repairs and upgrades to the sanctuary and parish house.

The Class L incentive, which encourages the preservation and rehabilitation of landmark structures, will reduce property taxes on the building by $3.9 million over the next 12 years.

Located in the Jackson Boulevard Landmark District, the building originally opened in 1885.

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