positive impacts of historic preservation - indiana landmarks...landmarks easement program. rent up...
TRANSCRIPT
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Positive Impacts of Historic Preservation:Indianapolis and Beyond
Columbus, IndianaApril 19, 2018
Donovan RypkemaPlaceEconomics
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States with Economic Impact of Historic Preservation Studies
1995 - 2017
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New Mexico
Missouri
North Carolina
Iowa
Florida
Michigan
Louisiana(under way)
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Heritage Tourism
Jobs and Income
Downtown Revitalization
Property Values
30 Years of Preservation/Economic StudiesThe Big Four
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Downtown Revitalization
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Florida
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Florida Taxpayers Getting Their Money’s Worth
In 2014 Estimated Sale Tax Receipts from Net New Businesses in Main Street Communities was approximately 22 times the budget of the
State Main Street Program
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PROGRAM COST SALES TAX FROM NET NEW BUSINESSES
CONSERVATIVE ESTIMATE OF STATE SALES TAX FROM NET NEW BUSINESSES – 2014
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Cumulative Net Job Growth Iowa
Cumulative Net Job Growth
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Cumulative Net Business Growth Iowa
Cumulative Net Business Growth
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Year to Year Job ChangeMain Street Districts vs North Carolina (00)
NC NCMS
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Cumulative Investment in New Mexico Main Street Buildings
Rehabilitation New Construction
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Michigan Main Street Cumulative # of Buildings Sold
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Historic Buildings
46%
Older Buildings
22%
New Construction
32%
Location of New Business in Downtown Raleigh - 2013
Historic Buildings
Older Buildings
New Construction
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Of Raleigh’s top 20 restaurants on Yelp, nine—nearly half—are
located in historic
districts.
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Historic preservation has been key to downtown’s growth.
Jeremy Waldrup, Downtown Pittsburgh Partnership
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Heritage TourismHeritage Tourism
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Heritage tourism in the Philadelphia
5-county area contributes over $3
billion in total output, supporting over 45,000 jobs and $975 million in
earnings, within theCommonwealth of
Pennsylvania each year.
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16% of Arkansas Tourists are Heritage Tourists
• But they spend 30% more than other visitors
• More likely to be out-of-state visitors
Heritage Tourism generates $891 Million/year
• Supports 21,552 Jobs
• Adds $319 Million in income
• Generates $74 million in tax revenues
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58.1%
47.3%
41.9%
52.7%
OVERNIGHT VISITORS DAY VISITORS
Share of Heritage Visitors in San Antonio
Heritage Visitors Non-Heritage Visitors
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Lodging Transportationwithin SanAntonio
Food & beverage Retail Recreation
Per Person Per Trip
Overnight Visitors to San Antonio
Heritage Visitors Other Visitors
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Expenditures by Heritage Visitors – Rhode Island
Lodging $326,000,000
Transportation within Rhode Island $166,000,000
Food & Beverage $423,000,000
Retail $265,000,000
Recreation, Entertainment, Admissions $192,000,000
TOTAL $1,371,000,000
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Hotel Room Nights
CulturalTourists
Others
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+470,000 Visitors
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+785,000 Visitors
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Less than 7% of Heritage Tourism Dollars are spent at the Heritage Sites that attracted them.
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Jobs and Income
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Impact per $1,000,000 of Output - Connecticut Historic
RehabilitationNew
Construc-tion
Steel Mfg ComputerMfg
Medical Mfg
Direct Jobs 9.3 6.7 1.4 0.9 1.4
Indirect Jobs 5.1 5.2 3.1 2.2 3.5
TOTAL JOBS 14.4 11.9 4.5 3.1 4.9
Direct Salary & Wages
$542,929 $418,441 $119,924 $68,128 $296,006
Indirect Salary & Wages
$288,917 $308,128 $203,109 $171,257 $237,497
TOTAL SALARY & WAGES
$831,896 $726,659 $323,033 $239,385 $533,503
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Rhode Island Jobs from Historic Tax Credit Projects
Direct Jobs Indirect/Induced Jobs
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$100,000,000
$120,000,000
$140,000,000
20
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Rhode Island Labor Income from Historic Tax Credit Projects
Direct Income Indirect/Induced Income
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$865,000,000/year investment in Historic Districts
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Property Values
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0
20
40
60
80
100
120
Not in HistoricDistrcit
In National RegisterDistrict
In Local District
Base Value Historic District Premium
14.3% 22.5%
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2000 – 2007
• In local historic district = + $59,000 to $67,000
• Historic district properties + 21% in appreciation
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100
120
140
160
180
200
220
240
260
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Annual Change in Value San Antonio 1998 - 20131998 = 100
Rest of City Local Conservation District Local Historic District
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5.0%
19.0%
34.0%
0% 10% 20% 30%
Parcels
Home Sales
Value of HomeSales
Demand for Homes in Historic Districts
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Canton, Connecticut
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0
50
100
150
200
250
300
350
400
Rest of Savannah Cuyler-Brownsville Mid-City Savannah HD Victorian
Value Change 1999 - 2014Savannah Local Historic Districts
1999 2014
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40.060.080.0
100.0120.0140.0160.0180.0200.0220.0240.0260.0
Change in Value 2003 - 2015Local Historic Districts vs City
2003 = 100
2003 2015
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The New TenForeclosure
Stability on the Downside
Density
Walkability
Catalytic Impact of HP Projects
Knowledge/Creative Industries
Business Births/Deaths
Demographic /Economic Mirror
The Environment
The First Place of Return
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0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
20%
Salt LakeCity
Provo Logan Ogden Park City
Single Family Foreclosure Rates2008-2012
Foreclosure Rate for City
Foreclosure Rate for Historic Districts
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100
Local Historic Districts National RegisterDistricts
City of Raleigh
Foreclosures per 1000 Single Family Houses2008 - 2013
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4.2%5.2%
6.9%
8.7%9.6%
11.3%11.9%
12.6%
14.6%
14.6%
Foreclosure Rate Single Family Houses2008 - 2014
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0%
5%
10%
15%
20%
25%
30%
11.1% 11.2%
25.5%
Foreclosure Rate – Single Family Houses
Indianapolis (2008-2012)
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Stability on the Downside
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350
400
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Real Estate Values in Up Years
Historic Districts Rest of Savannah
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40
50
60
70
80
90
100
110
120
2008 2009 2010 2011 2012 2013 2014
Real Estate Values in Down Years
Historic Districts Rest of Savannah
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Density
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0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
19
00
19
50
19
60
19
70
19
80
19
90
19
95
20
00
20
05
20
10
20
12
20
13
Re
sid
en
ts/s
qu
are
mile
Raleigh Population Density, 1900-2013
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2,528
0
1,000
2,000
3,000
4,000
5,000
6,000
City of Raleigh Local Historic District All Historic Districts
Population DensityPopulation/Sq Mi
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2,528
5,458
4,648
0
1,000
2,000
3,000
4,000
5,000
6,000
City of Raleigh Local Historic District All Historic Districts
Population DensityPopulation/Sq Mi
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The Tale of Two Neighborhoods Oakwood Reedham
Oaks/Wyndham
Population 1664 507
Size (acres) 114.5 114.0
Housing Units 794 127
Average Year of Construction 1925 1992
Average Size of House (square feet) 2473 3515
Average Value $315,004 $524,077
Taxes per Unit $2,887 $4,805
Population per acre 14.5 4.4
Square feet of Road per Unit 1045 2209
Taxes per acre $22,022 $5,351
Water/Sewer Line Replacement Cost per Unit $8,811 $24,781
Annual Property Taxes $2,292,539 $610,068
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4,409
3,251
-
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
HistoricDistricts
Rest of theCompact
Area
Population Per Square Mile
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$-
$100,000,000
$200,000,000
$300,000,000
$400,000,000
$500,000,000
$600,000,000
$700,000,000
$800,000,000
$900,000,000
$1,000,000,000
HistoricDistricts
UrbanCompact
Area
Total Value Per Square Mile
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Walkability
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Historic Preservation in Connecticut:Advancing good urban design principles in
towns and cities of every size
28%
61%
9%
2%
Walker's Paradise:Daily errands donot require a car.
Very Walkable:Most errands canbe accomplishedon foot.
SomewhatWalkable: Someamenities withinwalking distance.
Car Dependent:Almost all errandsrequire a car.
Scores from Walkscore.com
Good urban neighborhoods are walkable. Nearly
90% of historic preservation tax credit projects are in neighborhoods described as Very Walkable or Walker’s Paradise
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0 10 20 30 40 50 60 70 80 90 100
Main/Military Plaza
Alamo Plaza
Tobin Hill
Cattleman Square
Lavaca
King William
St. Paul Square
Fulton
Average of Historic Districts
Dignowity Hill
Monte Vista
Monticello Park
Government Hill
Olmos Park Terrace
River Road
City of San Antonio
Mission
Walk Scores for San Antonio Historic Districts
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Average Walk
Score
Designation
Raleigh 29 Car-dependent
Local historic districts 82 Very walkable
National Register historic districts 64 Somewhat
walkable
All historic districts 73 Very walkable
Walkability
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Catalytic Impact of Historic Preservation Projects
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0
5
10
15
20
25
30
2011 2012 2013 2014 2015 2016
Building Permits on 3rd Street
Permits Issued
Baton Rouge
One small project in 2006 is now 12 projects in 2016.
This approach is not singular, it gets repeated
all around the state.
Dyke Nelson, Architect/Developer
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New Orleans –Rouses Market
$0
$20,000,000
$40,000,000
$60,000,000
$80,000,000
$100,000,000
$120,000,000
$140,000,000
20
04
20
05
20
06
20
07
20
08
20
09
20
10
20
11
20
12
20
13
20
14
20
15
20
16
Cumulative InvestmentRouses Market Area
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Indiana Landmarks Easement Program
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Rent Up to $400 $400 - $800 $800 - $1200
Food at Home $1,607 $2,307 $3,758
Food away from Home $562 $899 $1,560
Furniture, Appliances, Household Equip
$331 $435 $787
Apparel & Footwear $306 $429 $739
Fees & Admissions $67 $101 $216
Personal Care Products & Services $225 $311 $518
TOTAL EXPENDITURES $7,867 $11,480 $18,773
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Knowledge/Creative Industries
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0.0% 1.0% 2.0% 3.0% 4.0% 5.0%
RALEIGH LOCAL HISTORIC DISTRICTS
NATIONAL REGISTER HISTORIC DISTRICTS
RALEIGH
NORTH CAROLINA
% of Workforce in Arts/Entertainment/Recreation
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0% 10% 20% 30% 40% 50% 60% 70% 80% 90%
Share of all Jobs
Public Administration
Educational Services
Arts, Entertainment, and Recreation
Professional, Scientific, and TechnicalServices
Finance and Insurance
Share of Knowledge Worker Jobs in Savannah Historic Districts
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8.0%
10.4%
13.8% 14.0%
20.3%
Share of All Jobs Professional,Scientific, and
Technical Services
Information EducationalServices
Arts,Entertainment,and Recreation
Jobs in Knowledge and Creative IndustriesNew York City
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Business Births/Deaths
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0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
2004 2005 2006 2007 2008 2009 2010 2011
Ratio of Business Openings to Business Closings
US
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0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
2004 2005 2006 2007 2008 2009 2010 2011
Ratio of Business Openings to Business Closings
US Michigan New Mexico North Carolina
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0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0%
Lots
Private Sector Jobs
Small Firm Jobs
Start-up Firm Jobs
Young Firm Jobs
3.4%
8.0%
9.9%
10.1%
10.9%
Historic Districts as Job AttractorsNew York City
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Demographic /Economic Mirror
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0%
5%
10%
15%
20%
25%
30%
35%
40%
Less than$25,000
$25,000 -$49,999
$50,000 -$74,999
$75,000 -$99,999
$100,000 -$149,999
$150,000 +
Household Income DistributionSan Antonio and Historic Districts
San Antonio Historic Districts
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68.5%75.0%
6.9%
6.8%
23.0%16.0%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
San Antonio Historic Districts
Racial DistributionSan Antonio and Historic Districts
White African-American Asian Other
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63.0% 60.3%
37.0% 39.7%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
San Antonio Historic Districts
Hispanic PopulationSan Antonio and Historic Districts
Hispanic Non-Hispanic
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The Environment
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It takes 10 to 80 years of an energy efficient new building to make up for the negative climate
change impacts of construction
Building reuse almost always offers environmental savings over demolition and new
construction
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Preservation projects save 50 to 80
percent in infrastructure costs compared to new
suburban development.
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A multifamily structure built since 1980 uses 13% more energy per square foot than one built before 1920
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Benefit – 40,000 s.f. warehouse reused rather than razed Quantification
Lower Vehicle Miles Traveled (20%-40% reduction) 158,000 to 211,200 VMT
Lower travel-related CO2 74 – 98 metric tons CO2
This is equivalent taking vehicles off the road 24 to 28 vehicles
Retained Embodied Energy 44,000 MBTUs
Greenfield Land Preserved 4.2 acres
Lowered run-off per dwelling unit 70%
Less demolition debris in landfills 2,000 tons
Value of natural resources conserved $80,000
Infrastructure investment saved $400,000 - $640,000
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The First Place of Return
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-4,000
-2,000
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
Change in Philadelphia Population2000 - 2010
National Register Districts Rest of City
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45.0%
55.0%
62.6%
37.4%
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
Historic Districts Non Historic District
Back to Where in the City?Washington, DC 2000 - 2010
Share of Population Share of Growth
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801444
697197
641071
562994 574283 589141617594
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
1950 1960 1970 1980 1990 2000 2010
Boston Population
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22.7%
36.0%
Historic Districts Share of Population Historic Districts Share of Growth
Back to Where in the City?Boston 1990 - 2000
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0%1%2%3%4%5%6%7%8%9%
10%
Population Growth2010-2015
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30 Years of Impact of Preservation Lessons
More of the measurable values of Historic Preservation are demonstrated every year
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Thank you very much