Heritage Reinvestment Model for the Heurich House Museum (Report)
Title: Heritage Reinvestment Model for the Heurich House Museum
Author: Michael C. Henry
Abstract: A Heritage Reinvestment Plan provides the basis for budgeting reserve funds for capital projects needed for preservation of an historic building. A Heritage Reinvestment Plan is an important supplement for other documents that inform stewardship of an historic building, such as a Preservation Plan, an Historic Structures Report, and a Conservation Management Plan. The Heurich House Museum has received funding from the National Trust for Historic Preservation’s National Trust Preservation Fund and from the National Endowment for the Humanities (grant number PG-271734-20) for Creating a Heritage Building Reinvestment Model. The Heritage Building Reinvestment Model provides guidance for preparing a Heritage Reinvestment Plan for the Heurich House Museum which will be done under a separate contract by historic preservation professionals. The Heritage Building Reinvestment Model provides also addresses the special considerations encountered in planning for future capital expenditures for the building including: -The possible categories of preservation work for the Heurich House Museum; -How to identify and organize the building components, assemblies, and systems for each category of work; -How to establish the service life and remaining service life of the building components of the Heurich House Museum, recognizing that maintaining historic fabric in good condition is the desired outcome; and, - How to approach estimating costs given the special considerations of undertaking projects and professional services for preventive conservation, preservation, and restoration of components of the Heurich House Museum. The Heritage Building Reinvestment Model does not include cash flow planning or assessment of the property steward’s capacity to fund work, as these issues are addressed as part of the Reserve Analysis.
Date: 04/26/2021
Access Model: Open Access

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