Page 12 - Plano, TX Heritage Preservation Plan
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Economic Benefits of Historic ECONOMIC BENEFITS
Preservation The economic benefits of investing in historic properties are well documented
in Texas and across the nation. Because historic properties are finite and cannot
Information on the economic
benefits and impacts of historic be replaced, they can be precious commodities. Preservation, therefore, adds
value to properties. Other economic benefits center on rehabilitation projects
preservation can be viewed by using and on the income generated by heritage tourism.
these links (full links provided in
Appendix I): Historic Rehabilitation Projects
http://my.preservationnation.org
Direct and indirect economic benefits accrue from rehabilitation projects. Direct
impact refers to the purchase of labor and materials, while indirect impacts
Economic Impact of Historic
Preservation (TX): are expenditures associated with the project; together, these can be added
http://www.thc.texas.gov to create the “total” impact. Preservation projects are generally more labor-
intensive, meaning more of the money invested in a project will stay in the
Let Us Tell You About Historic local economy, rather than outsourcing materials or spending money on other
Preservation (TX): non-local costs. Furthermore, a rehabilitation project may provide functional,
https://www.txplanning.org distinctive, and affordable space for new and existing small businesses, which is
especially relevant in historic downtowns where many local businesses operate
Economic Power of Heritage and in historic buildings.
Place (CO):
http://legacy.historycolorado.org
General Studies on the Economic Project expenses Project expenses
Impacts of Historic Preservation: spent on labor in spent on labor in
http://www.achp.gov new construction historic rehab
Measuring Economic Impacts of
Historic Preservation: A Report to ENVIRONMENTAL BENEFITS
the Advisory Council on Historic Sustainable development and the conservation of resources are inherent
Preservation by Place Economics: central principles of historic preservation. For instance, sensitive stewardship of
http://www.achp.gov the existing building stock reduces our environmental impact. Preserving and
adapting a historic structure is sound environmental policy in all respects. Re-
using a building preserves the energy and resources that were invested in its
Plano Tomorrow construction, and it avoids the need to produce new materials.
Information on the economic
benefits and impacts of historic RELATIONSHIP TO COMMUNITY
preservation can be viewed by using INITIATIVES AND POLICIES
this link:
As a component of the City’s Comprehensive Plan, Plano Tomorrow, the
http://www.planotomorrow.org/ heritage preservation program works toward specific goals while maintaining
a relationship with programs in other departments. The interwoven nature of
preservation and other key initiatives throughout the City’s departments and
those identified in Plano Tomorrow shows that a preservation program cannot
operate alone. Initiatives regarding housing, sustainability, infrastructure, and
arts and culture continue to have an important relationship with the heritage
preservation program and should be planned accordingly to ensure the success
of all efforts involved.
12 Preservation Plano 150 NOVEMBER 2018
