The rehabilitation of historic buildings has had a $1.7-billion impact on Michigan's economy, the report says, generating more than 20,000 jobs, $53 million in state taxes and $31.9 million in local property taxes.
There are two benefits of renovating an older facility rather than building new, says Janine Saputo, interim executive director of the network.
"Many of these older buildings are still usable, and their re-use is much more valuable than filling a landfill with their brick and mortar," Saputo tells GlobeSt.com. "Also, these buildings give us a connection to our past, one that pleases the eye and improves local property values."
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