Economics and Built Heritage – Seminar proceedings

Built heritage – value adding sector

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Among researchers of cultural economy, there is a broad agreement that historic preservation is a societally significant activity and that its benefits outweight the costs. Heritage can be seen as an asset in the knowledge and creative economy. However, there is a lot do to raise the economic analysis of built heritage to a level where it truly helps decision-making in the various scales from single projects to national budgets. This publication contributes to raising the ‘strategic’ discourse of heritage economics in the Nordic countries. It also shows some examples how heritage valuation could perform in planning and decision-making. The ‘Economics and Built Heritage in the Nordic Countries’ project, funded by the Nordic Council of Ministers, has aimed to raise public awareness about the value adding potential of heritage. It has gathered information and data sources and is preparing a Nordic and Baltic research agenda and a network of researchers across national borders. This publications includes key contributions of the conference ‘Built Heritage – Value Adding Sector’ organised by the project in Helsinki in December 2005.



Perspectives on values – model for integrated estate-management

The empirical context comprises the Swedish National Property Board, the largest heritage-estate manager in Sweden. The Board is governed by annual letters-of-regulations, stipulating formal objectives of management, defined in terms of ‘economic efficiency’ (expressed in annual rent-demands), provision of ‘competitive and suitable premises’ and preservation of cultural values. The Property Board thus faces the challenge of performing market-adjusted management of heritage buildings. A recently finished re-development project, the so called East stables, has been used in the case studies. The East stables is a listed, former 19th century stable-building that was in heavy decay and was re-built to house modern offices and public information- and library functions.


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