History Colorado Offers New Economic Feasibility Study Option for Grants

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History Colorado

Mar 26, 2015, 05:00 ET

DENVER, March 26, 2015 /PRNewswire-USNewswire/ -- The History Colorado State Historical Fund (SHF) has announced a new funding option for grant applicants. Applicants applying for a Historic Structure Assessment (HSA)―typically a $10,000 grant award—may now apply for an additional $5,000 to conduct an Economic Feasibility Study to determine the most economically sustainable option for reusing their historic building.

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Pictured above is the Montezuma Valley National Bank Building in downtown Cortez. In 2008 the Community Radio Project, Inc. applied for and received an HSA. Since then, the property has received more than $800,000 in SHF grants for exterior and interior rehabilitation to reuse the building as a radio station.
Pictured above is the Montezuma Valley National Bank Building in downtown Cortez. In 2008 the Community Radio Project, Inc. applied for and received an HSA. Since then, the property has received more than $800,000 in SHF grants for exterior and interior rehabilitation to reuse the building as a radio station.

Historic Structure Assessments are noncompetitive grants awarded to assess the condition of a historic building, structure, object, or site. Applications for HSAs, including those utilizing the new Economic Feasibility Study, may be submitted at any time throughout the year.

History Colorado created the Economic Feasibility Study option in response to concerns expressed by Coloradans during statewide Listening Sessions held last spring. Many communities that are interested in historic preservation projects are also looking for opportunities for economic development.

"While Historic Structure Assessment grants have helped countless organizations discover the condition of their building and what needs to be preserved," says State Historical Fund Director Steve Turner. "HSAs don't address the economic potential of historic properties. The new Economic Feasibility Study is designed to give communities real, actionable strategies for usage and economic revitalization, including how to find additional funding options to accomplish their goals."

All eligible SHF grant applicants may apply for the Economic Feasibility Study option as an addition to an HSA, including organizations that have received HSAs within the last five years.

SHF awards grants for historic preservation projects to nonprofit organizations and public entities. Since 1991, SHF has awarded more than 4,000 grants to all 64 counties totaling more than $263 million in funding for historic preservation projects around the state.

To learn how you can apply for a Historic Structure Assessment and Economic Feasibility Study, visit h-co.org/grantapplications or contact SHF Outreach and Technology Specialist Kristi Roberts at 303/866-3493 or [email protected].

History Colorado inspires generations to find wonder and meaning in our past and to engage in building a better Colorado. Find History Colorado at Facebook.com/HistoryColorado and on Twitter @HistoryColorado, #COHistory and #PreserveCO. Headquartered in the History Colorado Center, 1200 Broadway, Denver, CO 80203. Visit HistoryColorado.org or call (303) HISTORY for more information.

Media Contact: Shannon Haltiwanger
303/866-2049, [email protected]

Photo - http://photos.prnewswire.com/prnh/20150325/194362

SOURCE History Colorado

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