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PRESERVATION @ WORKETHIEL GARLINGTONDIRECTOR OF PRESERVATION FIELD SERVICES
What does “historic” mean?• Instead of asking, "Is this building historic?", it maymake more sense to ask, "Is this building worthsaving?“• Historic preservation is simply having the goodsense to hang on to something -- an older buildingor neighborhood or a piece of landscape, forinstance -- because its important to us asindividuals and/or as a nation.
What makes it important?• Some older buildings are important simplybecause theyre good to look at.• Others are worth saving because they have plentyof good use left in them.• Finally, some places are worth saving becausethey link us with our past and help us understandwho we are.
Historical Significance• Usually at least 50 years old• Has the ability to yield information about the past,either about significant individuals or communities• Represents a particular style or type ofconstruction, craftsmanship or materials• Has archaeological significance• George Washington did not have to sleep there!
Economic & Community Impact• Preservation creates attractive communities thatbenefit local citizens• Preservation creates places that attractbusinesses and investment (i.e. the creative classand the new economy)• Preservation creates places that are attractive tovisitors and encourage heritage tourism• Preservation capitalizes on unique local qualitiesinstead of “silver bullets”
Economics ofPreservationJobs and Household Income• New Construction = 50% materials and 50% labor• Rehabilitation = 40% materials and 60% labor• More money flows into the local economy• More opportunities for apprenticeships / training• A capital investment is preserved
Downtown Revitalization• Healthy downtowns are the key to regionaleconomic development.• Downtown Knoxville is filled with historic buildingseligible for incentives.• Downtowns offer the unique opportunity tolive, work and play in a compact area.• Middle class residents are returning and so arethe businesses that serve them.• Restoration attracts and leverages investment.
Heritage Tourism• Fastest growing segment of the tourism marketnationally• Heritage tourists stay longer and spend moremoney• It expands the economic pie rather than re-slicing• You do not have to keep creating new anchorattractions• Improves quality of life for residents while creatingpoints of interest for tourists
Knoxville’sHistoric Real Estate Market• Did you know that a luxury loft in a historic downtownbuilding is selling for between and $200 and $250 persquare foot?• Did you know a restored historic home in a neighborhoodadjacent to downtown is selling for $85 to $125 persquare foot and rising?• Did you know more and more new homes are beingconstructed in historic districts?• The market for historic real estate is holding its own.
Why sell historic?• A niche market that is growing• A national trend – young professionals and Baby Boomersare moving back to the city• Homes feature irreplaceable craftsmanship and materials• Amazing, classic architecture with character• Sweeping front porches that encourage neighborliness• Proximity to downtown and cultural attractions• Providing opportunity to own a piece of history
Knox Heritage Course• More in depth information• Includes tour of historic neighborhoods• KH Certified Historic Homes Realtor• Logo for marketing materials
Vintage PropertiesIdentify strategic and demonstration projects that lead to:• Revitalization of Historic Neighborhoods• Restoration of Blighted Historic Properties• Increased Homeownership in Target Areas• Increased Neighborhood and Tax Base Stability• Maintain Neighborhood Diversity• Job Creation Through Construction• Build Resident Wealth Through Stabilization of PropertyValues and Increasing Equity• Demonstrate Sustainable Building Practices