Some of the key economic benefits associated with the conservation of heritage buildings include:
- Businesses benefit from locating in heritage buildings and areas
- The growth in employment in the restoration industry in construction trades, professionals and product manufacturing
- Enhanced municipal tax base through restored individual buildings and areas
- Increased tourism
- Restoration is often cheaper than new construction
Economic Sustainability
- The conservation of heritage buildings is often predicated on their economic sustainability, with the following important claims:
- Creates more local employment than does new construction
- Uses less energy than new construction
- Creates less waste then new construction
- Encourages the enhancement of existing neighbourhoods and infrastructure and opposes decay, urban sprawl and increased infrastructure costs
