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Atomic Age Alliance - Resources
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Economic Benefits of Preservation
Economic Benefits of Historic Preservation
Here are some examples of comprehensive studies conducted in other regions that demonstrate economic patterns consistent throughout most historic districts in the United States.
"Property values of historic buildings and sites in communities as diverse as Fredericksburg, Richmond, and Staunton significantly outperform the appreciation rates of non-historic properties" (Virginia's Economy and Historic Preservation: The Impact of Preservation on Jobs, Business and Community, 1995, by Donavan D. Rypkema).
"Between 1975 and 1991, prices increased by an average 440% in the East End [historic district] and by 165% in the Silk Stocking [historic] district. By comparison, prices in the San Jacinto [non-historic] neighborhood increased over the same period by an average 80% (The Economic Benefits of Preserving Community Character: A Case Study from Galveston, Texas, 1991, by Government Finance Research Center).
"Although non-designated neighborhoods increased in value more than the nationally registered communities, those registered both on the national and local levels strongly surpassed both with a robust increase in values twice that of nationally registered neighborhoods" (Economic Benefits of Historic Preservation in Georgia: A Study of Three Communities: Athens, Rome, and Tifton, 1996, by Athens-Clarke County Planning Department).
"The values of properties in the study areas steadily appreciated after the creation of historic [residential] districts" (American Planning Association, Historic Preservation and Property Values in Indiana, June 1998 edition of the Planning Advisory Service Memo).
More information
For speeches, short articles, and excerpts from reports on the economic and fiscal impacts of historic preservation in the United States, please order the Dollars & Sense of Historic Preservation, an informative series published by the National Trust for Historic Preservation; 1785 Massachusetts Avenue, N.W.; Washington, D.C. 20036; telephone: (202) 588-6000.
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