Historic preservation is not just about saving old buildings. It is also the practice of preserving and revitalizing neighborhoods and entire communities – bringing people together and preserving local stories and culture. It has demonstrated its ability to replace urban decay with a sense of community pride. It has also a sound economic policy, proven to be have a positive impact on the local economy as well as the environment.
. . . historic preservation is good for the economy. In the last 15 years, dozens of studies have been conducted throughout the United States, by different analysts, using different methodologies. But the results of those studies are remarkably consistent — historic preservation is good for the local economy. From this large and growing body of research, the positive impact of historic preservation on the economy has been documented in six broad areas: 1) jobs, 2) property values, 3) heritage tourism, 4) environmental impact, 5) social impact, and 6) downtown revitalization.
Measuring the Economics of Preservation: Recent Findings, Prepared for the Advisory Council on Historic Preservation by PlaceEconomics, June, 2011. Read more.
In Staunton, residential and commercial preservation projects continue to strengthening surrounding neighborhoods and build a vibrant downtown core. More people living and working downtown 24/7 ensures a healthy, vibrant historic district.