Post on 07-Jul-2015
PRESERVATION @ WORK
ETHIEL GARLINGTON
DIRECTOR OF PRESERVATION FIELD SERVICES
What does “historic” mean?
• Instead of asking, "Is this building historic?", it may
make more sense to ask, "Is this building worth
saving?“
• Historic preservation is simply having the good
sense to hang on to something -- an older building
or neighborhood or a piece of landscape, for
instance -- because it's important to us as
individuals and/or as a nation.
What makes it important?
• Some older buildings are important simply
because they're good to look at.
• Others are worth saving because they have plenty
of good use left in them.
• Finally, some places are worth saving because
they link us with our past and help us understand
who 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 of construction, craftsmanship or materials
• Has archaeological significance
• George Washington did not have to sleep there!
PRESERVATION BUILDS
BETTER COMMUNITIES
Economic & Community Impact
• Preservation creates attractive communities that
benefit local citizens
• Preservation creates places that attract
businesses and investment (i.e. the creative class
and the new economy)
• Preservation creates places that are attractive to
visitors and encourage heritage tourism
• Preservation capitalizes on unique local qualities
instead of “silver bullets”
Restoration = Job
Creation
Economics of
Preservation
Jobs 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 regional economic development.
• Downtown Knoxville is filled with historic buildings eligible for incentives.
• Downtowns offer the unique opportunity to live, work and play in a compact area.
• Middle class residents are returning and so are the businesses that serve them.
• Restoration attracts and leverages investment.
Heritage Tourism
• Fastest growing segment of the tourism market
nationally
• Heritage tourists stay longer and spend more
money
• It expands the economic pie rather than re-slicing
• You do not have to keep creating new anchor
attractions
• Improves quality of life for residents while creating
points of interest for tourists
HISTORIC BUILDINGS
ARE GOOD BUSINESS
Knoxville’s
Historic Real Estate Market
• Did you know that a luxury loft in a historic downtown
building is selling for between and $200 and $250 per
square foot?
• Did you know a restored historic home in a neighborhood
adjacent to downtown is selling for $85 to $125 per
square foot and rising?
• Did you know more and more new homes are being
constructed in historic districts?
• The market for historic real estate is holding its own.
Downtown’s Real Estate Market
Why sell historic?
• A niche market that is growing
• A national trend – young professionals and Baby Boomers
are 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
List your property with
Knox Heritage
VINTAGE PROPERTIES
ARCHITECTS
HISTORIANS
INTERIOR DESIGNERS
PRESERVATIONISTS
DEVELOPERS
ENVIRONMENTALISTS
VINTAGE PROPERTIES COMMITTEE
REALTORS
STAFF
FUNDING SOURCES
GRANTS
VOLUNTEER TIME
IN-KIND DONATIONS
PRIVATE DONORS
HUD?
DONATED PROPERTYCASH GIFTS
LOCAL BANKS
Vintage Properties
Identify 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 Property Values and Increasing Equity
• Demonstrate Sustainable Building Practices
240 OKLAHOMA AVE.VALUE: $20,000TAXES PAID: $284
Before
240 OKLAHOMA AVE.VALUE: $151,500TAXES PAID: $1,424
After
1300 KENYON AVE.
1300 KENYON AVE.VALUE: $20,000TAXES PAID: $284
Before
VALUE: $235,000TAXES PAID: $1,860
1300 KENYON AVE.
After
VALUE: $10,000TAXES PAID: $700
214 E. GLENWOOD RD.
Before
214 E. GLENWOOD AVE.VALUE: $160,000TAXES PAID: $1,182
214 E. GLENWOOD RD.
After
VALUE: $27,000TAXES PAID: $588
1620 WASHINGTON AVE.
Before
VALUE: $169,900TAXES PAID: $1,420
1620 WASHINGTON AVE.
After
VALUE: $27,000TAXES PAID: $454
1618 WASHINGTON AVE.
Before
VALUE: $225,000TAXES PAID: $2,686
1618 WASHINGTON AVE.
After
VALUE: $245,000TAXES PAID: $0
1011 VICTORIAN WAY
Before
ACT REGIONALLY
ALEXANDER INN
JOIN TODAY!
LIST TODAY!
SELL TODAY!
ETHIEL GARLINGTON
egarlington@knoxheritage.org
865-523-8008