School of Architecture College of Design

ARCH 5676: Economics of Historic Preservation

  • Crane building
  • Crane building
  • Crane building
  • Crane building
  • Crane building
  • Crane building
  • Crane building
  • Crane building
  • Crane building
  • Crane building
  • Crane building
  • Crane building

Economics of Historic Preservation

ARCH5676
Spring Semester 2013

Greg Donofrio, PhD
Assistant Professor and Director of Heritage Conservation & Preservation Program


Course Description:
This course will provide, through readings and lectures, an overview of the theory and practice of heritage preservation-based community redevelopment and economics. Students will learn about financial aspects of real estate development (including economic incentives and constraints) by developing case studies of recent historic rehabilitation projects throughout Minnesota in which they examine details such as financial feasibility and compliance with design guidelines and other regulatory aspects often encountered in the adaptive reuse of historic properties. They will also consider financial incentives available in other states in an effort to understand how new policies in Minnesota might positively influence preservation activity.

 

 

 

 

 

 

Topic covered will include:

  • Preservation design standards
  • Real estate terminology
  • Financial modeling of real estate
  • Historic Preservation Tax Credits
  • Low Income Housing Tax Credits
  • Tax Increment Financing
  • The relationships among public finance, property taxes, and historic preservation
  • Economic modeling of preservation benefits (jobs, taxes, income, etc.)
  • The potential adverse effects of preservation activity including commercial and residential gentrification





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