Safeguarded Cultural Heritage Socio-Economic Impact of Cultural Heritage Assets.

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Canadians as Global Citizens

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Presentation transcript:

Safeguarded Cultural Heritage Socio-Economic Impact of Cultural Heritage Assets

Economic Development Community Development

Heritage Conservation Is the single form of Economic Development that is simultaneously Community (Social) Development

The Big 5 Major Measusrables of the Economic Impact of Heritage Conservation Job Creation and Household Income Center City Revitalization Heritage Tourism Impact on Property Values of Local Historic Districts Small Business Incubation

Jobs and Household Income

Materials Labor Intensity in Historic Preservation New Construction Rehabilitation Labor

NORWAY Historic Rehabilitation 16.5% more jobs than New Construction

Center City Revitalization

$23.3 Billion invested in Physical Improvements 67,000 Net New Businesses 308,370 Net New Jobs 107,179 Building Rehabilitation & Construction Projects Cost per Job Created -- $2,504 Leverage of Public Funds -- $26.67 to $1.00 Preservation Based Economic Development Main Street Over the past 25 years in Main Street Communities

Heritage Tourism

In Virginia Heritage Visitors: Stay Longer Visit twice as many places Spend 2 ½ Times as much money per trip Than do non-heritage visitors

Impact of Historic Districts on Property Values

51.1% 51.9%54.2% 62.8% 66.0% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% Non-Historic District Newtown Historic District Beverley Historic District Gospel Hill Historic District Stuart Historic District Staunton, Virginia

Small Business Incubation

Globalization

Heritage Conservation as Public Policy

Import Substitution

Compatibility with Modernization

Targeted Areas

Geographically Dispersed

Range of Project Scales

Counter-Cyclical

Incremental Change

The preservation movement has one great curiosity. There is never retrospective controversy or regret. Preservationists are the only people in the world who are invariably confirmed in their wisdom after the fact. John Kenneth Galbraith

Thank you very much