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Historic Building Reuse Adds Value, Study Says

DETROIT-Rehabilitation instead of new commercial construction has a positive effect,

By Robert Carr | Updated on October 23, 2002

DETROIT-Historic preservation of existing buildings is a valuable alternative to demolition of old sites and new construction, according to a recent study released by a Clarkston, MI-based group known as the Michigan Historic Preservation Network. The study, commissioned by the network, was funded through Michigan’s State Historic Preservation Office, and conducted by Clarion Associates, a land-use and real estate consulting firm based in Denver.

The rehabilitation of historic buildings has had a $1.7-billion impact on Michigan’s economy, the report says, generating more than 20,000 jobs, $53 million in state taxes and $31.9 million in local property taxes.

There are two benefits of renovating an older facility rather than building new, says Janine Saputo, interim executive director of the network.

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