ethiel garlington, preservation @ work wallace and wallace

PRESERVATION @ WORK

ETHIEL GARLINGTON

DIRECTOR OF PRESERVATION FIELD SERVICES

What does “historic” mean?

• Instead of asking, "Is this building historic?", it may

make more sense to ask, "Is this building worth

saving?“

• Historic preservation is simply having the good

sense to hang on to something -- an older building

or neighborhood or a piece of landscape, for

instance -- because it's important to us as

individuals and/or as a nation.

What makes it important?

• Some older buildings are important simply

because they're good to look at.

• Others are worth saving because they have plenty

of good use left in them.

• Finally, some places are worth saving because

they link us with our past and help us understand

who we are.

Historical Significance

• Usually at least 50 years old

• Has the ability to yield information about the past, either about significant individuals or communities

• Represents a particular style or type of construction, craftsmanship or materials

• Has archaeological significance

• George Washington did not have to sleep there!

PRESERVATION BUILDS

BETTER COMMUNITIES

Economic & Community Impact

• Preservation creates attractive communities that

benefit local citizens

• Preservation creates places that attract

businesses and investment (i.e. the creative class

and the new economy)

• Preservation creates places that are attractive to

visitors and encourage heritage tourism

• Preservation capitalizes on unique local qualities

instead of “silver bullets”

Restoration = Job

Creation

Economics of

Preservation

Jobs and Household Income

• New Construction = 50% materials and 50% labor

• Rehabilitation = 40% materials and 60% labor

• More money flows into the local economy

• More opportunities for apprenticeships / training

• A capital investment is preserved

Downtown Revitalization

• Healthy downtowns are the key to regional economic development.

• Downtown Knoxville is filled with historic buildings eligible for incentives.

• Downtowns offer the unique opportunity to live, work and play in a compact area.

• Middle class residents are returning and so are the businesses that serve them.

• Restoration attracts and leverages investment.

Heritage Tourism

• Fastest growing segment of the tourism market

nationally

• Heritage tourists stay longer and spend more

money

• It expands the economic pie rather than re-slicing

• You do not have to keep creating new anchor

attractions

• Improves quality of life for residents while creating

points of interest for tourists

HISTORIC BUILDINGS

ARE GOOD BUSINESS

Knoxville’s

Historic Real Estate Market

• Did you know that a luxury loft in a historic downtown

building is selling for between and $200 and $250 per

square foot?

• Did you know a restored historic home in a neighborhood

adjacent to downtown is selling for $85 to $125 per

square foot and rising?

• Did you know more and more new homes are being

constructed in historic districts?

• The market for historic real estate is holding its own.

Downtown’s Real Estate Market

Why sell historic?

• A niche market that is growing

• A national trend – young professionals and Baby Boomers

are moving back to the city

• Homes feature irreplaceable craftsmanship and materials

• Amazing, classic architecture with character

• Sweeping front porches that encourage neighborliness

• Proximity to downtown and cultural attractions

• Providing opportunity to own a piece of history

Knox Heritage Course

• More in depth information

• Includes tour of historic neighborhoods

• KH Certified Historic Homes Realtor

• Logo for marketing materials

List your property with

Knox Heritage

VINTAGE PROPERTIES

ARCHITECTS

HISTORIANS

INTERIOR DESIGNERS

PRESERVATIONISTS

DEVELOPERS

ENVIRONMENTALISTS

VINTAGE PROPERTIES COMMITTEE

REALTORS

STAFF

FUNDING SOURCES

GRANTS

VOLUNTEER TIME

IN-KIND DONATIONS

PRIVATE DONORS

HUD?

DONATED PROPERTYCASH GIFTS

LOCAL BANKS

Vintage Properties

Identify strategic and demonstration projects that lead to:

• Revitalization of Historic Neighborhoods

• Restoration of Blighted Historic Properties

• Increased Homeownership in Target Areas

• Increased Neighborhood and Tax Base Stability

• Maintain Neighborhood Diversity

• Job Creation Through Construction

• Build Resident Wealth Through Stabilization of Property Values and Increasing Equity

• Demonstrate Sustainable Building Practices

240 OKLAHOMA AVE.VALUE: $20,000TAXES PAID: $284

Before

240 OKLAHOMA AVE.VALUE: $151,500TAXES PAID: $1,424

After

1300 KENYON AVE.

1300 KENYON AVE.VALUE: $20,000TAXES PAID: $284

Before

VALUE: $235,000TAXES PAID: $1,860

1300 KENYON AVE.

After

VALUE: $10,000TAXES PAID: $700

214 E. GLENWOOD RD.

Before

214 E. GLENWOOD AVE.VALUE: $160,000TAXES PAID: $1,182

214 E. GLENWOOD RD.

After


1620 WASHINGTON AVE.

Before



After



Before



After


1011 VICTORIAN WAY

Before

ACT REGIONALLY

ALEXANDER INN

JOIN TODAY!

LIST TODAY!

SELL TODAY!

ETHIEL GARLINGTON

[email protected]

865-523-8008

ethiel garlington, preservation @ work wallace and wallace

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