Historic Preservation has contributed to Colorado’s economic growth and well-being for decades. Starting in 2001, the Colorado Historical Foundation and History Colorado partnered to regularly identify, study, and document the economic benefits of historic preservation in Colorado. The project is believed to be one of the most in-depth and long-running studies of the benefits of preservation in the country.
The 2017 update, Preservation for a Changing Colorado, resulted from a partnership between History Colorado and Colorado Preservation, Inc. Prepared by Clarion Associates, the new report and accompanying website document the economic benefits of rehabilitation projects (those that received State Historical Fund grants or took advantage of federal and/or state tax credits), analyzes property values and neighborhood stability in local historic districts, and summarizes the increasing impact of heritage tourism and the success of Colorado’s Main Street program. In a key finding, researchers found that for every $1 million spent on historic preservation in Colorado leads to $1.03 million in additional spending, 14 new jobs, and $636,700 in increased household incomes across the state.
The 2017 report also considers the important role preservation plays in helping Coloradans provide new spaces for creative communities and co-working, create and sustain meaningful places, respond to the state’s changing demographics, and address climate concerns.