Report Finds Historic Preservation Has Profound Impact on Economy

Historic building preservation in downtown Columbia has triggered profound economic benefits for the city, according to a Development Strategies report prepared for the city’s Historic Preservation Commission.

Renovated downtown historic buildings saw a 117 increase in property value from 2001 to 2011, and property tax revenue to local government from those properties increased 104 percent during the same period. By comparison, property values and tax revenue from newer downtown structures jumped 19 percent and 12 percent, respectively, during that time. The report used data from the Boone County Assessors Office to reach that conclusion.

Read more on Columbia Missourian.

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