New York City is one of the most important historic and cultural cities in the United States. Home to some of the greatest architectural treasures in the country, it can be difficult to decide if you need new construction altogether, or restoration of a previously used building. Which option is most beneficial? In addition to quality of life, the benefits of building restoration are threefold. It’s good for the economy, the neighborhood, and even the environment.
According to the U.S. Secretary of Interior, “restoration is said as the act or process of accurately depicting the form, features, and character of a property as it appeared at a particular period of time…”
The New York Landmarks Conservancy is a nationally and internationally recognized leader in landmark preservation. Dedicated to the revitalization and reuse of the city’s historically significant buildings, the Conservancy ensures that these efforts contribute to the local quality of life.
Economy
Restoration of a building adds jobs to the economy. Just some of the professionals needed will be architects, skilled construction, real estate, banking, and perhaps even a historian. Purchasing the necessary restoration materials locally (if possible), adds even more dollars to the local economy. Other economic growth factors reach as far as grocers and restaurants; someone has to feed the restoration crew.
Neighborhood
It’s no secret that vacant buildings and empty lots have a very negative impact on property values. Restoring a building can reduce vacancy and inspire more neighborhood rehabilitation. Additionally, restoration connects individuals to their community while preserving the heritage.
Environment
Building restoration is one of the greatest eco-friendly favors to the natural environment. Construction waste is highly toxic and accounts for 20% of the solid waste stream in the United States. Recycling materials from an old building reduces construction waste and helps prevent further urban sprawl.
Conclusion
With the benefits to the economy, local neighborhood, and the natural environment – all supported and encouraged by the New York Landmarks Conservancy – the choice is clear: building restoration is the most beneficial option.
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