Liscombe House Project Case Study
Master of Business Administration in Community Economic Development
Cape Breton University
Historic Preservation in the Cape Breton Regional Municipality: Measuring Return on Investment from the Liscombe House Project
Brittany Erickson
September 10, 2013
An Applied Research Project (ARP) submitted as a requirement of the Master of Business Administration in Community Economic Development at Cape Breton University
Under the Direction of
Dr. Andrew Molloy
Dr. Tom Urbaniak
Abstract The purpose of this study was to explore the research question: “What is the return on investment of the Liscombe House Project?” using a model developed by Lawrence Deane. The Liscombe House, which was built circa 1870 in the North End of Sydney, was purchased by.................. It was subsequently sold to an interested developer in 2012 and has been undergoing renovations. The initial findings, based upon Deane’s model, have indicated that the Liscombe House has had a positive return on investment. The study’s findings were arrived at on the basis of detailed documentation review and analysis and participant observation, in the form of attending local community housing and historic preservation meetings. Nine …show more content…
One initiative that the HCF is hoping to get passed by government is the “Heritage First” policy which helps increase market demand for older buildings by giving preference to heritage building when leasing spaces for conferences, offices or accommodations. The United States is a leader in adopting this policy and has yielded great results. Currently no level of Canadian government has signed on to the program, and according to the HCF often current policies make it impossible for heritage properties to meet leasing standards (Heritage Canada Foundation,
Cape Breton University
Historic Preservation in the Cape Breton Regional Municipality: Measuring Return on Investment from the Liscombe House Project
Brittany Erickson
September 10, 2013
An Applied Research Project (ARP) submitted as a requirement of the Master of Business Administration in Community Economic Development at Cape Breton University
Under the Direction of
Dr. Andrew Molloy
Dr. Tom Urbaniak
Abstract The purpose of this study was to explore the research question: “What is the return on investment of the Liscombe House Project?” using a model developed by Lawrence Deane. The Liscombe House, which was built circa 1870 in the North End of Sydney, was purchased by.................. It was subsequently sold to an interested developer in 2012 and has been undergoing renovations. The initial findings, based upon Deane’s model, have indicated that the Liscombe House has had a positive return on investment. The study’s findings were arrived at on the basis of detailed documentation review and analysis and participant observation, in the form of attending local community housing and historic preservation meetings. Nine …show more content…
One initiative that the HCF is hoping to get passed by government is the “Heritage First” policy which helps increase market demand for older buildings by giving preference to heritage building when leasing spaces for conferences, offices or accommodations. The United States is a leader in adopting this policy and has yielded great results. Currently no level of Canadian government has signed on to the program, and according to the HCF often current policies make it impossible for heritage properties to meet leasing standards (Heritage Canada Foundation,