The Economics of Historic Preservation at T.I. Park
Thousand Island Park is incredibly intact. To quote architect and professor
Paul Malo, "Taken as a whole, the place is a historical treasure - of
architecture and as a living document of social history." T.I. Park's placement
on the National Register of Historic Places enhances the value of each
cottage and the vitality of the entire community.
Historic preservation is a sound investment, as it is more efficient and cost
effective to preserve a historic building than to construct a new one.
Preservation is an economic development tool and yields significant benefits
to the community by providing jobs in planning, architecture, design and
construction, and in product sales for local businesses.
T.I. Park offers walkability, open spaces, connectivity, increased density,
quality architecture in a traditional neighborhood structure, and quality of life.
The historic district designation maintains and improves the value of
properties. In a study of National Register districts in Philadelphia,
economists noted that residential parcels located within historic districts
attract a price premium of 131 percent.
National Register designation also allows the Thousand Island Park
Corporation to apply for New York State historic preservation tax credits to
better the community and further our sense of place.
Sincerely,
The Preservation & Architectural Review Board
- and -
The Landmark Society
Thousand Island Park is incredibly intact. To quote architect and professor
Paul Malo, "Taken as a whole, the place is a historical treasure - of
architecture and as a living document of social history." T.I. Park's placement
on the National Register of Historic Places enhances the value of each
cottage and the vitality of the entire community.
Historic preservation is a sound investment, as it is more efficient and cost
effective to preserve a historic building than to construct a new one.
Preservation is an economic development tool and yields significant benefits
to the community by providing jobs in planning, architecture, design and
construction, and in product sales for local businesses.
T.I. Park offers walkability, open spaces, connectivity, increased density,
quality architecture in a traditional neighborhood structure, and quality of life.
The historic district designation maintains and improves the value of
properties. In a study of National Register districts in Philadelphia,
economists noted that residential parcels located within historic districts
attract a price premium of 131 percent.
National Register designation also allows the Thousand Island Park
Corporation to apply for New York State historic preservation tax credits to
better the community and further our sense of place.
Sincerely,
The Preservation & Architectural Review Board
- and -
The Landmark Society
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