A ND SO IT BEGINS Terri Reed Cutright & Associates, LLC A ND SO - PowerPoint PPT Presentation

H ELLO …I T ’ S M E Terri Reed Cutright & Associates, LLC Phone: 304-276-8046 Email: territrc@gmail.com trcandassociates.com Terri Reed Cutright & Associates, LLC

A ND SO IT BEGINS … Terri Reed Cutright & Associates, LLC

A ND SO IT BEGINS … Terri Reed Cutright & Associates, LLC

TOP TEN MYTHS ABOUT TOP TEN MYTHS ABOUT HISTORIC PRESERVATION HISTORIC PRESERVATION 1. “If a property gets designated as a historic landmark, it’s protected forever and can never be demolished.” 2. “ A historic designation will reduce my property value.” 3. “If any property is designated as a historic site, I won’t be able to change it in any way, and I don’t want my property to become like a museum.” Terri Reed Cutright & Associates, LLC

TOP TEN MYTHS ABOUT TOP TEN MYTHS ABOUT HISTORIC PRESERVATION HISTORIC PRESERVATION CONTINUED CONTINUED … 4. “Preservation is only for the rich and elite, and for high-style buildings.” 5. “Historic preservation is bad for business.” 6. “Preservation is more expensive than new construction.” 7. “If I buy an historic property, there’s lots of government money available to help me fix it up.” Terri Reed Cutright & Associates, LLC

TOP TEN MYTHS ABOUT TOP TEN MYTHS ABOUT HISTORIC PRESERVATION HISTORIC PRESERVATION CONTINUED CONTINUED … 8. Old buildings are less safe.” 9. “Preservation is an un-American violation of property rights.” 10. “Preservationists are always fighting new development and only care about the past.” Terri Reed Cutright & Associates, LLC

E DUCATING A C OMMUNITY “If we know something and someone else doesn’t, that is not their fault – It is OUR fault!” Terri Reed Cutright & Associates, LLC

PRESERVONOMICS 101 PRESERVONOMICS 101 T HE HE E CONOMIC CONOMIC B ENEFITS ENEFITS OF H ISTORIC ISTORIC P RESERVATION RESERVATION Terri Reed Cutright & Associates, LLC

$1 Million spent in Delaware Equated To:  Jobs:  Manufacturing -9  New Construction-11  Rehab – 14.2  Paychecks:  Manufacturing - $343,000  New Construction - $478,000  Rehab - $540,000 Terri Reed Cutright & Associates, LLC

$1 Million spent in Georgia Equated To:  Jobs:  Auto Manufacturing -3.5  New Construction-14.9  Rehabilitation – 18.1  Paychecks:  Manufacturing - $245,000  New Construction - $616,000  Rehab - $750,000 Terri Reed Cutright & Associates, LLC

Property Value/Benefits Property Value/Benefits to the Tax Base to the Tax Base • 2% increase when a local district is designated • National District: 14% overall value increase • Local District: 22% overall value increase • Foreclosure Rates less than ½ Philly, CT and Utah Local VS National – No debate about INCREASE Terri Reed Cutright & Associates, LLC

HERITAGE TOURISM HERITAGE TOURISM • HT spend 30% more • Stay longer and visit more sites • International Travelers • Less than 7% HT dollars are spent at the Heritage Sites that attract them Terri Reed Cutright & Associates, LLC

HERITAGE TOURISM HERITAGE TOURISM • Philly & Boston $$$$$$ • Arkansas • $891 Million • 21,552 jobs • $319 Million INCOME • $74 Million Tax Revenue Terri Reed Cutright & Associates, LLC

TAX CREDITS TAX CREDITS • Federal Tax Credit pays more to the Federal Treasury that it takes $1.00 returns $1.24 • Net gain to US Treasury of $5.6 Billion since 1981 • WV -????? Terri Reed Cutright & Associates, LLC

ENVIRONMENTAL ENVIRONMENTAL IMPACT IMPACT HP vs Suburban Construction • Vehicle Mileage (20% - 40% reduction) • Co2 reduction • Greenfield land preserved • Less construction debris • Infrastructure reduction • Green Buildings – 1930’s Sierra Club & Tea Party Terri Reed Cutright & Associates, LLC

ATTRACTING NEW TALENT ATTRACTING NEW TALENT • Revitalized City Center • Business Opening • Tax Base Increasing • Cool Towns vs. Any Town America • Entrepreneurs • Quality of Life • live first, work second • The Rise of the Creative Class Terri Reed Cutright & Associates, LLC

BRANDING Terri Reed Cutright & Associates, LLC

BRANDING PRESERVATION BRANDING PRESERVATION as an institution of higher learning adjacent to or within its downtown footprint. Terri Reed Cutright & Associates, LLC

YOU CAN’T HANDLE THE TRUTH ! ‐ Jack Nicholson in “A Few Good Men” Terri Reed Cutright & Associates, LLC

IT ’ S TIME TO … Terri Reed Cutright & Associates, LLC

T HANK YOU ! Terri Reed Cutright & Associates, LLC Phone: 304-276-8046 Email: territrc@gmail.com trcandassociates.com Terri Reed Cutright & Associates, LLC