The Economic Impact of Preserving Historic Buildings

GBX Group has engaged Rutgers Edward J. Bloustein School of Planning and Public Policy to study the economic impacts of GBX’s historic preservation properties in urban markets throughout the U.S. The school is one of the nation’s key centers for the theory, practice, and research of these impacts through the deployment of their proprietary R/ECON™ input-output (I-O) model. Rutgers has long been involved in the study of the economic impacts of historic preservation, having produced the Annual Report on the Economic Impact of the Federal Historic Tax Credit for the National Park Service. GBX has also partnered with PlaceEconomics to complete impact studies in Columbia, SC and Columbus, OH.

Peery Hotel, Salt Lake City, UT
Peery Hotel, Salt Lake City, UT

The Peery Hotel was built during a period of hotel expansion in the city triggered by a rapid increase in the immigrant population amid Utah’s mining boom. Nestled in between the historic Main Street Core and the Warehouse District of Salt Lake City…