Over the past year, the board and staff of Preservation Greensboro have held a number of workshops and focus groups to evaluate the impact of the organization on issues critical to Greensboro, including safe and affordable housing, neighborhood redevelopment, and conservation of our resources. The organization has developed a three-pronged focus towards its mission of saving Greensboro’s historic and architectural treasures that includes education, advocacy, and economic development. In light of this effort, the importance of cultivating our existing Revolving Fund has emerged as an obvious and effective catalyst to effect change in all three areas.
Preservation Greensboro has had a revolving fund since 1988, when it was created as apart of the “Our Heritage, Our Future” Capital Campaign. Revolving Funds are a body of funds in which properties can be acquired – to be resold back to the private sector with restrictive covenants attached. Thanks to efforts of the Fund, the Daniel P. Foust House, the Bumpass-Troy House, and the N. A. Hanner House were all saved from the landfill. With these great successes under our belt, how can we build the Fund to accomplish even more? Can the Fund play a part in growing Greensboro’s tax base through securing its neighborhoods to redefine the Gate City’s image for the twenty-first century?
Help is on the way! With over 25 years of experience in managing the Providence Preservation Society Revolving Fund, Clark Schoettle, will show Greensboro how we can proceed in terms of building our own active Revolving Fund. The Providence Revolving Fund has built a national reputation of revitalization and neighborhood improvement by purchasing and developing 50 historic properties. In the process, the organization has cultivated home ownership, low-income housing, industrial mill conversions, and housing for artists. These and other successful programs offered in Providence deserve a careful look by the Greensboro preservation community.
Everyone is invited to join us for annual meeting, and to explore ways that Greensboro can learn from Providence to preserve architectural heritage and stimulate community revitalization through advocacy, lending, technical assistance, and revitalization in historic areas.
Hosted at the historic Revolution Mill, the evening will include cocktails at 6pm, followed by dinner catered by Maria’s and a presentation by Schoettle. Tickets are $40 per person, and sponsorship tables of eight are available for $450. Please contact Judi Kaster by email, or by telephone 336-272-5003 for reservations.
What? Preservation Revolution! Preservation Greensboro’s Bold New Vision
Who? Clark Schoettle of the Providence Preservation Society Revolving Fund
When? Tuesday, February 12th, 2008 • 6:00pm
Where? The Event Center at Revolution Mill, 1000 Revolution Mill Drive in Greensboro