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Heritage Canada Foundation - The National Voice for Heritage Conservation



Heritage Pays - The Economics of Conservation



homefrançaisheritage pays - the economics of conservation
  • • Heritage Pays


    • • Introduction


    • • Canadian Case Studies


      • • Case Study 1


      • • Case Study 2


      • • Case Study 3



  • • Heritage Tourism


  • • Heritage Conservation Saves Energy


  • • Heritage Workforce


introduction

canadian case studies
case study 1

case study 3
heritage tourism
heritage conservation
heritage workforce
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  Buying and restoring heritage properties is profitable and worth doing!





Case Study 2


Temple Building, Victoria, British Columbia


  • • The Temple Building was the first commercial building designed by the celebrated Victoria architect Samuel Maclure. Constructed in 1893, its heritage value lies in its connection to Maclure and in its sandstone, brick and terracotta façade.


  • • In 2001, Richard Holmes bought the 6,000-sq.-ft. Temple Building for $700,000.


  • • In carrying out $1,200,000 worth of seismic retrofitting and work required to meet contemporary standards, Holmes reused original material as much as possible, including flooring, trim, and plaster, but he also added new elements, including a mezzanine balcony of steel and glass. Today, a restaurant and other commercial tenants occupy the building.


  • • The Victoria Civic Area Trust provided a grant of $50,000 toward the seismic and structural work.


* See "Heritage designation does NOT hurt property values" and "Fundraising for heritage projects"


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