Safeguarded Cultural Heritage Socio-Economic Impact of Cultural Heritage Assets

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<ul><li><p>Safeguarded Cultural HeritageSocio-Economic Impact of Cultural Heritage Assets</p></li><li><p>Economic DevelopmentCommunity Development</p></li><li><p>Heritage ConservationIs the single form ofEconomic Developmentthat is simultaneouslyCommunity (Social)Development</p></li><li><p>The Big 5 Major Measusrables of the Economic Impact of Heritage ConservationJob Creation and Household IncomeCenter City RevitalizationHeritage TourismImpact on Property Values of Local Historic DistrictsSmall Business Incubation</p></li><li><p>Jobs and Household Income</p></li><li><p>MaterialsLabor Intensity in Historic Preservation</p><p>New Construction</p><p>Rehabilitation</p><p>Labor</p></li><li><p>NORWAY</p><p>Historic Rehabilitation</p><p>16.5% more jobs than New Construction</p></li><li><p>Center City Revitalization</p></li><li><p>$23.3 Billion invested in Physical Improvements67,000 Net New Businesses308,370 Net New Jobs107,179 Building Rehabilitation &amp; Construction ProjectsCost per Job Created -- $2,504Leverage of Public Funds -- $26.67 to $1.00Preservation Based Economic Development Main StreetOver the past 25 years in Main Street Communities</p></li><li><p>Heritage Tourism</p></li><li><p>In Virginia Heritage Visitors:Stay LongerVisit twice as many placesSpend 2 Times as much money per tripThan do non-heritage visitors</p></li><li><p>Donovan D. Rypkema - Naxi villiage, Yunnan Province, China</p></li><li><p>Impact of Historic Districts on Property Values</p></li><li><p>Staunton, Virginia 1987 -- 1995</p><p>Chart2</p><p>153536161007</p><p>Non-Designated Neighborhoods</p><p>Historic Districts</p><p>Average Property Values -- Memphis 2002</p><p>Sheet1</p><p>Non-Designated NeighborhoodsHistoric Districts</p><p>153536161007</p><p>Sheet1</p><p>Non-Designated Neighborhoods</p><p>Historic Districts</p><p>Average Property Values -- Memphis 2002</p><p>Sheet2</p><p>Sheet3</p></li><li><p>Chart1</p><p>0.20.34</p><p>Premium for Historic Homes Pre-1919</p><p>Premium for Historic Homes Jacobean</p><p>Premium for Historic Homes in England</p><p>Sheet1</p><p>Premium for Historic Homes</p><p>Pre-1919Jacobean</p><p>0.20.34</p><p>Sheet1</p><p>Premium for Historic Homes Pre-1919</p><p>Premium for Historic Homes Jacobean</p><p>Premium for Historic Homes in England</p><p>Sheet2</p><p>Sheet3</p><p>Chart3</p><p>0.0940.097</p><p>Non-Historic</p><p>Historic</p><p>Overall Return on Office Buildings</p><p>Sheet1</p><p>Premium for Historic Homes</p><p>Pre-1919Jacobean</p><p>0.20.34</p><p>Non-HistoricHistoric</p><p>0.0940.097</p><p>Sheet1</p><p>00</p><p>Premium for Historic Homes Pre-1919</p><p>Premium for Historic Homes Jacobean</p><p>Premium for Historic Homes in England</p><p>Sheet2</p><p>00</p><p>Non-Historic</p><p>Historic</p><p>Overal Return on Office Buildings</p><p>Sheet3</p><p>Chart4</p><p>0.10.44</p><p>Nearby Area</p><p>Targeted Historic Area</p><p>Quito Heritage Area Land Appreciation</p><p>Sheet1</p><p>Premium for Historic Homes</p><p>Pre-1919Jacobean</p><p>0.20.34</p><p>Land Appreciation</p><p>Nearby AreaTargeted Historic Area</p><p>0.10.44</p><p>Non-HistoricHistoric</p><p>0.0940.097</p><p>Sheet1</p><p>Premium for Historic Homes Pre-1919</p><p>Premium for Historic Homes Jacobean</p><p>Premium for Historic Homes in England</p><p>Sheet2</p><p>Non-Historic</p><p>Historic</p><p>Overal Return on Office Buildings</p><p>Sheet3</p><p>Nearby Area</p><p>Targeted Historic Area</p><p>Quito Heritage Area Land Appreciation</p></li><li><p>Small Business Incubation</p></li><li><p>Chart1</p><p>0.535</p><p>0.281</p><p>0.372</p><p>0.36</p><p>0.43</p><p>0.579</p><p>0.04</p><p>0.2</p><p>Factors Influencing Business LocationPioneer Square -- Seattle</p><p>Chart2</p><p>0.5790.5350.430.3720.360.2810.2</p><p>Historic District</p><p>Cost of Occupancy</p><p>Business Mix</p><p>Proximity to Similar Businesses</p><p>Art Gallery Presence</p><p>Public Transit Availability</p><p>Other</p><p>Chart3</p><p>0.5790.5350.430.3720.360.2810.20.04</p><p>Historic District</p><p>Cost of Occupancy</p><p>Business Mix</p><p>Proximity to Similar Businesses</p><p>Art Gallery Presence</p><p>Public Transit Availability</p><p>Other</p><p>Stadium Proximity</p><p>Factors Influencing Business LocationPioneer Square -- Seattle</p><p>Sheet1</p><p>Cost of Occupancy53.5%</p><p>Public Transit Availability28.1%</p><p>Proximity to Similar Businesses37.2%</p><p>Art Gallery Presence36.0%</p><p>Business Mix43.0%</p><p>Historic District57.9%</p><p>Stadium Proximity4.0%</p><p>Other20.0%</p><p>Sheet2</p><p>Sheet3</p></li><li><p>Donovan D. Rypkema - Lijiang, China</p></li><li><p>Globalization</p></li><li><p>Heritage ConservationasPublic Policy</p></li><li><p>Import Substitution</p></li><li><p>Compatibility withModernization</p></li><li><p>Targeted Areas</p></li><li><p>GeographicallyDispersed</p></li><li><p>Range of Project Scales</p></li><li><p>Counter-Cyclical</p></li><li><p>Incremental Change</p></li><li><p>The preservation movement has one great curiosity. There is never retrospective controversy or regret. </p><p>Preservationists are the only people in the world who are invariably confirmed in their wisdom after the fact.</p><p>John Kenneth Galbraith</p></li><li><p>Thank youvery much</p></li></ul>