Historic districts key economic strength, expert says in Ann Arbor

Historic buildings are more than just something pretty to look at. They’re also an economic driver that can exponentially create investment, jobs and tax revenue, according to a recent speaker at the University of Michigan.

Preservation of historic districts is the best way to not only preserve a community’s dollars but to create more, too, according to a nationally renowned expert who recently spoke at Ann Arbor.

 

Excerpt:

 

Donovan Rypkema took a wrecking ball to the notion of historic preservation as merely fixing up old buildings Wednesday night, asserting that such efforts go hand in hand with economic development.

 

Rypkema, a nationally renowned preservation expert speaking in Ann Arbor Wednesday, said historic preservation is a key component of all successful downtown renovations, citing a variety of cities, including Boston, Baltimore, Seattle and Indianapolis.

 

He decried the urban intrusion of McMansions, or what he calls “Starter Castles,” on historic neighborhoods. The large houses are like parasites in deriving their value from the historic homes and not vice versa.

 

“Historical districts are the magnet,” in drawing people to cities, Rypkema said.

 

Read the rest of the story here.

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