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

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

Nov 25, 2023 331 likes •558 views

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

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Terri Reed Cutright & Associates, LLC

HELLO…IT’S ME

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

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Terri Reed Cutright & Associates, LLC

AND SO IT BEGINS …

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Terri Reed Cutright & Associates, LLC

AND SO IT BEGINS …

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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.”

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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.”

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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.”

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Terri Reed Cutright & Associates, LLC

EDUCATING A COMMUNITY

“If we know something and someone else doesn’t, that is not their fault – It is OUR fault!”

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Terri Reed Cutright & Associates, LLC

PRESERVONOMICS 101 PRESERVONOMICS 101 THE

HE ECONOMIC CONOMIC BENEFITS ENEFITS OF

HISTORIC

ISTORIC PRESERVATION RESERVATION

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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

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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

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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

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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

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Terri Reed Cutright & Associates, LLC

HERITAGE TOURISM HERITAGE TOURISM

  • Philly & Boston $$$$$$
  • Arkansas
  • $891 Million
  • 21,552 jobs
  • $319 Million INCOME
  • $74 Million Tax Revenue
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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 -?????
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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

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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
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Terri Reed Cutright & Associates, LLC

BRANDING

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Terri Reed Cutright & Associates, LLC

as an institution of higher learning adjacent to or within its downtown footprint.

BRANDING PRESERVATION BRANDING PRESERVATION

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Terri Reed Cutright & Associates, LLC

YOU CAN’T HANDLE THE TRUTH !

‐ Jack Nicholson in “A Few Good Men”

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Terri Reed Cutright & Associates, LLC

IT’S TIME TO …

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Terri Reed Cutright & Associates, LLC

THANK YOU!

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