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.

2400 Superior Avenue Korach Building
S. Korach Building, Cleveland, OH

The S. Korach Company Building is located in the Superior Avenue Historic District in downtown Cleveland. It contains over 60,000 square feet of fl oor space and was a garment factory for…

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Catahoula Hotel, New Orleans, LA
Catahoula Hotel, New Orleans, LA

The Catahoula Hotel consists of two historic townhouses — a two-story structure built in approximately 1923 and a three-story brick building built in approximately 1840. Located in the Lafayette Square Historic District in…

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Empire Improvement Building, Cleveland, OH
Empire Improvement Building, Cleveland, OH

The Empire Improvement Building was constructed in 1913 and is a prominent structure in the Superior Avenue Garment District of Cleveland, Ohio. After being nearly vacant for decades, an extensive rehabilitation completed in February 2018 transformed the historic building into…

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The Yuster Building, Columbus, OH
The Yuster Building, Columbus, OH

The Yuster Building (also known as the Empire Building), completed in 1924, is a Beaux-Arts Style steel-frame building designed by noted Columbus, OH architect…

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The Foundry Hotel Asheville, Asheville, NC
The Foundry Hotel Asheville, Asheville, NC

Built in 1915, the Asheville Supply & Foundry Company provided steel to build much of early Asheville, including the expansion of the Biltmore Estate. The foundry had been abandoned for years when in 2016, …

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