Heritage Covenants and Preservation

Heritage Covenants and Preservation

Urban planners, government officials, and preservation activists are increasingly at odds as every day more and more heritage buildings are threatened with destruction to make way for urban development and revitalization. Stakeholders in these often emotionally and politically charged debates have arrived at what is potentially a solution that can satisfy all parties in the equation. Heritage covenants are a complex legal instrument involving the sale or donation of a heritage interest to a not-for-profit organization or government agency. In an unprecedented initiative, the Calgary Civic Trust, in the year 2000, brought together experts and leaders in heritage covenants from Canada, Great Britain, and the United States to discuss the future of this unique preservation instrument. This book is a result of the proceedings and focuses specifically on this sophisticated aspect of heritage preservation.

Table of Contents

Table of Contents
Heritage Covenants and Preservation 1
Contents 6
Editors' Acknowledgments 8
Covenants: An Introduction 10
Workshop: Introduction 24
Section 1 The International Context 26
1: The British Experience 28
2: The American Experience 44
Section 2 Canadian Precedents 64
3: Ontario Precedents 66
4: The Preservation and Planning Context in Alberta 86
5: The Calgary Context 104
Section 3 Financial and Legal Considerations 128
6: Tax Implications: Financial and Legal Considerations 130
7: Heritage Canada Policy: The Canadian Tax Context 142
8: Calculating the Market Value: Appraisal Methods 150
Section 4 Discussion 156
9: A Review of Key Issues and Design of a Covenant 158
10: Realities of the Development Industry: The Impact of Covenanting on Development- A Panel Discussion 184
11: Stewardship through Covenanting: Moving Forward 208
Biographies: Speakers and Panel Participants 214
Appendices 223
Bibliography 249
Notes 251
A 254
B 254
Index 254
C 255
D 256
H 257
G 257
F 257
E 257
N 258
M 258
L 258
K 258
J 258
I 258
O 259
P 259
T 260
U 260
S 260
Q 260
R 260
V 261
W 261
Y 261
Z 261