Atlanta's iconic and seedy Clermont Hotel, once home to strippers on the stage of the Clermont Lounge, now has something in common with an abandoned Georgia Power plant in Savannah.

Both are eligible for tax credits for historic preservation, thanks to last-minute legislation passed by the 2015 General Assembly.

The credits will help transform the Clermont into a boutique hotel. They'll also help a Savannah developer turn the century-old power plant into an entertainment-hotel megaplex with a music venue, pricey hotel rooms and laser shows.

Historic preservation or historic giveaway? Preservationists and politicians are sharply divided.

Click here to view a special myAJC presentation on the controversy, and what developer Richard Kessler has in store for Savannah.

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John Raulet, a partner in Raulet Property Partners, stands in the soundstage at Mailing Street Stageworks, Tuesday, August 26, 2025, in Atlanta. Raulet’s company has either converted or sold off all but one of its soundstages amid a downturn in film production in the U.S. (Jason Getz / AJC)

Credit: Jason Getz / Jason.Getz@ajc.com