Through the process of locating a “perfect” rehabilitation building/project we took many visits to historic towns throughout the Pacific Northwest over the past several years. Interestingly, through this process we discovered three types of historic downtowns – historic city centers that were in a major state of blight with deeply depressed economic conditions (think Centralia ten years ago), towns that were pre-renaissance in the process of a come back clearly ripe for revolution (think Centralia today) and thriving historic downtown areas that were bustling with pedestrian traffic, tourist activity, permanent downtown residents and thriving economic conditions (think Centralia in a just a short time from now).
As investors we were interested in historic downtown areas that were either nearing the end of the blight phase and moving into the renaissance stage or towns that were in the first stages of the rebirth and rehabilitation phase. Centralia met the later criteria. Through the evaluation process we discovered a few critical differences between the towns on the verge of thriving economic conditions and those that were experiencing the massive economic boost of successful heritage tourism conditions.
We spent countless hours observing critical factors that we believe needed to exist to in order to take the renaissance movement forward into developing the full potential of a thriving downtown historic center. We wanted to invest in a place that we could help make a difference in breathing new life into a town that was on the verge of becoming the next historic “Boomtown.” Here are some (more to come later) of the interesting observations that we noticed between towns on the ‘verge’ of becoming ‘something great’ and true historic “Boomtowns”…
In Boomtowns: There was significant signage that was colorful, well directed and positioned in key locations to direct traffic to the city center from every possible inlet/outlet to the city center. The signage for the historic center was clearly distinguishable from other signage.
In Towns on the Verge or TOTVs: Signage was mediocre, not well positioned, small and limited. (more…)