ChileSelect would like to extend an invitation to investors to participate in our Historic Preservation and Urban Renewal Projects.
The project objectives are:
1. Identify local historically and architecturally relevent properties that are at risk.
2. Develop a profitable investment vehicle for each identified structure.
3. Renew and preserve the property.
Investing in Preservation and Renewal
For preservationists safeguarding the past through its physical remains is reason enough in itself to justify preservation efforts, but for those without prior involvement with such efforts there are many other more tangible reasons why historic preservation matters. Historic preservation involves much more than simply saving and restoring old buildings and sites of historic importance; there are economic, cultural, environmental, and educational benefits of historic preservation, all of which are inextricably connected to one another and to the living character of the community.
Economic Benefits from Preservation/Renewal
One important economic benefit is heritage tourism. Many people enjoy a deep fascination with the sites of historic and arquitectural importance, as well as with the history held by within these sites. Heritage tourists, whose travel focuses on historical sites of interest, spend billions of dollars every year and are among the fastest-growing group of tourists. Heritage tourists' travels provide hundreds of millions of tax dollars, and billions for the hospitality and travel industries.
Heritage tourism has also been a factor for hundreds of cities across the nation engaged in urban renewal and revitalization. Historic preservation efforts are playing a vital role in creating vibrant, interesting, and thriving spaces for individuals to live and work, keeping both people and businesses in engaged communities.
Historic preservation helps keep communities beautiful, vibrant, and livable, and gives people a stake in their surroundings. It connects people with their past, and with one another. History is a great educator, and coming to know the history of a community and its historical sites fosters an individual's sense of belonging and community pride. Old structures and historic spaces often present the human scale of history. Their design and construction tell us much about the cultures that created them and about the traditions and events from which the communities and nation grew.
It is often more environmentally friendly to rehabilitate existing structures and maintain and improve existing infrastructures than to simply destroy and replace them. Each existing building is an investment of energy, time, and resources. If these structures are destroyed that investment is wasted. Also, active historic preservation efforts can curb detrimental environmental effects of suburban sprawl, including increased traffic patterns, energy consumption, and environmental degradation. By safeguarding the historic cores of towns and cities and encouraging reinvestment in them, many adverse effects of growth can be greatly reduced.
Contact us for additional information.
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