Economics of Historic Preservation: Dollars and Sense

April D. ALLEN

Abstract


The built environment expresses diversity, identity, individuality, and differentiation. In economics, it is the differentiated product that commands a monetary premium. Historic preservation protects our diverse building stock while creating more construction jobs, returning under-utilized buildings to the tax rolls, attracting heritage tourists, and maximizing the use of existing infrastructure. It has been said that the greenest building is the one that is already built. Four out of five existing buildings will be renovated over the next generation while two new buildings are added. With an overwhelming vastness of existing building stock, this becomes the elephant in the room. We cannot build our way to sustainability but must conserve our way to it. Economically, this makes good sense. Historic preservation, sustainability and conservation go hand in hand to protect our built environment while providing healthy, aesthetically pleasing buildings in which to live, work, and play, thus growing the local economy.


Keywords


economics; historic preservation; sustainability; built environment

Full Text:

PDF
Creative Commons License
Transylvanian Review of Administrative Sciences by TRAS is licensed under a Creative Commons Attribution 4.0 International License.
Based on a work at http://rtsa.ro/tras/


Online ISSN: 2247-8310 | Print ISSN: 1842-2845 |  © AMP

The opinions expressed in the texts published are the author’s own and do not necessarily express the views of TRAS editors. The authors assume all responsibility for the ideas expressed in the materials published.