Hypothetically1, only if the tax credits were projected to more than recoup the money and time spent building a durable structure. With conference buildings, fashion might matter a lot, so it's possible that tax credits couldn't recoup the costs of falling out of fashion - even if they would recoup the costs in other contexts.
Footnotes
the city owns the conference center afaik, ie the whole thing is paid for with taxes ↩
Footnotes