Current Issues in Historic Preservation

State Studies on the Economic Impacts of Historic Preservation

Background | Alabama | Colorado | Florida | Georgia | Kentucky | Maryland |
Massachusetts | Michigan | Missouri | New Jersey | New York | North Carolina |
Rhode Island
| South Carolina | Texas | Virginia | West Virginia | For More Information |


Background

Does historic preservation make sense? Are there economic, as well as cultural and aesthetic, benefits to communities that invest in their historic resources? The answer is yes. A number of states have undertaken studies that quantify the economic impacts of historic preservation.

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Alabama

Property Value Appreication for Historic Districts in Alabama (2002)

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Colorado

The Economic Benefits of Historic Preservation in Colorado (2002)

Two reports are available: a 40-page, full-color, illustrated summary report and a 250-page technical supplement.

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Florida

Economic Impacts of Historic Preservation in Florida (2003)

Two reports are available: a 34-page, full-color, illustrated summary and a longer technical report.

Contributions of Historic Preservation to the Quality of Life of Floridians (2006)

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Georgia

Profiting From the Past: The Economic Impact of Historic Preservation in Georgia (1999)

This study may be downloaded for a nominal fee from the National Trust for Historic Preservation.

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Kentucky

Historic Preservation and the Economy of the Commonwealth: Kentucky's Past at Work for Kentucky's Future (1996)

This study may be downloaded for a nominal fee from the National Trust for Historic Preservation.

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Maryland

Abell Foundation Report: Heritage Tax Credits: Maryland’s Own Stimulus to Renovate Buildings for Productive
Use and Create Jobs, an $8.53 Return on Every State Dollar Invested
(2009)

The Value of Historic Preservation in Maryland (2000)

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Massachusetts

Economic Impacts of Historic Preservation in Massachusetts (2002)

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Michigan

Report Card: The Economic Impacts of Historic Preservation in Michigan (2006)

Investing in Michigan's Future: The Economic Benefits of Historic Preservation (2002)

Two reports are available: a 20-page, full-color, illustrated study from 2002 and an 8-page, full-color, illustrated update from 2006. Key chapter/section titles of the original report: "Rehabilitation of Historic Buildings"; "Historic Districts and Property Values"; "Preservation and Michigan Tourism"

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Missouri

Economic Impacts of Historic Preservation in Missouri (2001)
www.dnr.mo.gov/shpo/taxcreditimpact.htm
www.dnr.mo.gov/shpo/RutgersStudy.pdf

Two reports are available: a 16-page, illustrated summary and a longer technical report.

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New Jersey

Partners in Prosperity: The Economic Benefits of Historic Preservation in New Jersey (1998)

Two reports are available: a 20-page, illustrated summary and a longer technical report.

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New York

The Impact of Historic Districts on Residential Property Values (2002)

New York: Profiting Through Preservation (2000)

A 28-page, illustrated report.

New York City’s Independent Budget Office also did a comparative study of housing values within certain residential historic districts and in comparable non-designated areas.

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North Carolina

Profiting from the Past: The Impact of Historic Preservation on the North Carolina Economy (1998)

This study may be downloaded for a nominal fee from the National Trust for Historic Preservation.

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Rhode Island

Rhode Island Historic Preservation Investment Tax Credit (2005)

Economic Effects of Historic Preservation in Rhode Island (1996)

This study may be downloaded for a nominal fee from the National Trust for Historic Preservation.

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South Carolina

Smiling Faces Historic Places: The Economic Benefits of Historic Preservation in South Carolina (2003)

A 15-page, illustrated report.

Historic Districts are Good for Your Pocketbook: The Impact of Local Historic Districts on House Prices in South Carolina (2003)

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Texas

Historic Preservation at Work for the Texas Economy (1999)

A 22-page illustrated report. For further information on the companion technical study, Economic Impacts of Historic Preservation in Texas, contact the Texas State Historic Preservation Office at: www.thc.state.tx.us.

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Virginia

Prosperity Through Preservation: Virginia's Rehabilitation Tax Credit Program (2008)

Virginia's Economy and Historic Preservation: The Impact of Preservation on Jobs, Business, and Community (1995).
This study may be downloaded for a nominal fee from the National Trust for Historic Preservation.

 

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West Virginia

Economic Impact of Historic Preservation in West Virginia (1997)

An executive summary has been posted, and the full 33-page report is available.

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For More Information

In addition to the statewide studies cited above, the Advisory Council on Historic Preservation has compiled links to additional online studies that address the economic impacts of historic preservation. The links to these studies fall into the following five categories:

For further reading on the economic impacts of historic preservation, the National Trust for Historic Preservation has compiled the "historic preservation economic benefits research reference list" of many publications that are not available electronically. For more information, contact the National Trust's Public Policy Department at policy@nthp.org.

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