Friday, June 1, 2012

June 6-8: Feasibility Analysis Training in Downtown Rome

Media release: Feasibility studies are one of the preservationist's most frequently used tools, and can be one of the most effective. On June 6-8, 2012, the City of Rome's Office of Downtown Development in partnership with the Georgia Department of Community Affairs will host a feasibility analysis training designed to develop an understanding of the essential elements of a high quality real estate feasibility study.

Using actual historic buildings in the area, real estate consultant Donovan Rypkema will guide participants through the step-by-step process of preparing a feasibility analysis. Participants will learn what should be covered in a comprehensive feasibility analysis, recognize frequently cited shortcomings, and identify mistakes to avoid. Participants will primarily consist of representatives from local governments and state agencies that are directly involved in community initiated development projects. Approximately 30 participants will be in attendance.


-To increase the capacity of grassroots preservation leaders for direct involvement with historic properties and influence on issues that have an impact on the preservation of those properties;

-To empower grassroots organizations and agencies to achieve preservation successes in their communities.


Training methods range from lectures and case studies to group activities, informal presentations, and individual practical exercises. Topics include:

he Feasibility Assessment Process

Basic Pro Forma Analysis

After Tax Real Estate Analysis

Assembling the Feasibility Assessment Team

Incentives for Real Estate

Gathering the Information (field trip)

Evaluating the Information and Testing Scenarios

Reaching a Conclusion

Writing the Report

To empower grassroots organizations and agencies to achieve preservation successes         

Donovan Rypkema is the Principal of PlaceEconomics, located in Washington, DC  He was educated at Columbia University, where he received a Masters of Science degree in Historic Preservation.  He has lectured widely on economic and preservation issues relating to rehabilitation, community development and commercial revitalization. His specific fields of consultation include feasibility analyses for real estate and market analysis, economic revitalization of downtowns and neighborhood commercial centers, and the rehabilitation of historic structures.  He is author of several publications, including Community Initiated Development, The Economics of Rehabilitation, the Downtown Real Estate Development Series and others. His articles have appeared in numerous periodicals and journals. His book, The Economics of Historic Preservation: A Community Leader's Guide, (The National Trust for Historic Preservation) is now in its second printing and is widely used by preservationists nationwide.

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Contact: Ann Arnold, Director 706-236-4520

Contact: Cindy Eidson, Ga Dept of Community Affairs Office of Downtown Development
60 Executive Park South, N.E.
Atlanta, Georgia 30329-2231
(404) 679-3101

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