MULTI-FAMILY DEVELOPMENT OPPORTUNITY WITH POSSIBLE HISTORIC TAX CREDITS - PETERSBURG'S DOWNTOWN HISTORIC DISTRICT Opportunity to rehabilitate a historic building in a walkable downtown district with the ability to take advantage of tax credits, enterprise zone credits and a property tax abatement. Petersburg has the distinct charm of small-town America. An elegant place full of cultural and historic landmarks, Petersburg boasts many classical buildings in its historical district. Petersburg is home to a future LIVE Casino and Resort currently under construction and less than a 40-minute drive to the City of Richmond.