COLUMBIA — The city will receive a $12,000 grant from the federal Historic Preservation Fund for a historic preservation project.
This project will provide an analysis of the impacts of historic preservation on the local economy, according to a Missouri Department of Natural Resources news release.
In 1999, Columbia’s historic preservation program passed bench marks set by the National Park Service to become a Certified Local Government, which entitled the city to apply for a pool of grant money distinctly put aside for the program, Jo Ann Radetic, Certified Local Government coordinator, said.
Missouri has 50 local governments, including Columbia, which have program status, the release stated.
The economic indicators of preservation’s impact include job creation and retention, income, wealth and property values, Radetic said. The result of the finished study will show the advantages of historic preservation, she said.
While the $12,000 will go toward hiring an experienced consultant with a demonstrated track record, the total cost of the project will be $20,000, she said.
Radetic said the other $8,000 will come from:
- Local funds from the preservation commission budget: $7, 200.
- The city administration: $800.
Radetic said the project will include two public meetings and should be completed in August 2012.