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SUMMARY The dividends of adaptive reuse of this facility extend beyond the footprint of this single building. It will deliver tangible economic, cultural, and environmental OLD HEAT benefits that align with the state's goals for sustainable and inclusive growth: F-71 El El Ell F-1 1. Local dollars and jobs stay local.Adaptive-reuse projects typically cost 15- EXTRACTIVE RETENTIVE ADDITIVE ACCELERATIVE MULTIPLICATIVE 20% less and finish faster than ground-up construction, channeling savings Characteristics: Characteristics: Characteristics: Characteristics: Characteristics: PrntfinmM tha giw prnnadyaerwbmlmadrefs brand meemnmniocase . Improve_1d_sMll,am ,ate �respnmany into higher-quality finishes, local labor, and small-business tenants. Revived • umird ba reiwesmrem Often small,irdependmty owned ray"w relamey ww-wagem iemmbp mphMiMaboo acmMmme emmpism inhant wwnmrinMml Mllbasam tannedyitlegnW obmeaimb Pr w,llabm mmareoraryli e�hawfe landmarks often spark a "halo effect" on surrounding property values and inhashmlue limed wage groMh Awitle pwilNe bm mdest plemenlary lirms mnhibutlors ro Mgierm Prwpedry , Fwer R&D and knoMedge spillwers commercial activity. a.sinms imdels aye rigid COMMUNITY DYNAMIC CAPACITY Enema-bead namferable sM,emend mmuamnMl ammn��,I l.'d inure nations for community ,.ti°ee""nlige, 2. Culture, identity, and civic pride. Historic buildings are tangible storytellers; Exhibit 1: Old Heat on the Business Model Continuum keeping them visible anchors a community's sense of place, honors craft traditions, and offers residents and visitors alike a daily history lesson. Successful projects—from century-old churches reborn as performance The Old Heat project offers an opportunity to apply a deliberate, structured, and halls to downtown warehouses re-imagined as food-hall incubators— research-informed approach to economic development in the Central Washington demonstrate that preservation and progress can coexist, attracting heritage region. Rather than accepting any growth as good growth, this model enables tourism and volunteer passion that brand-new buildings rarely inspire. Public community leaders to differentiate between business activity that merely involvement meetings for Old Heat have confirmed this sentiment towards occupies space and activity that builds prosperity over time. the building. By serving as a funnel for attracting and building accelerative firms, Central 3. Smarter, more resilient growth. Because many heritage structures sit in Washington can begin to generate the industrial dynamics, traditionally found walkable cores, reusing them reinforces existing transit, utility, and public- only in large metro areas, for regional communities on their own terms and in space investments instead of pushing development to the fringe. Their alignment with their unique values. adaptable floorplates (lofts, high ceilings, big windows) invite flexible uses as community needs evolve—office today, makerspace tomorrow—helping ADAPTIVE REUSE: WHY IT IS IMPORTANT TO A COMMUNITY AND WHY IT cities weather economic shifts without repeated cycles of boom, blight, and MATTERS TO REGIONAL COMPETITIVENESS teardown. In this project, adaptive reuse goes beyond the practice of giving historic 4. Afast-track climate strategy. Reusing an existing structure preserves the buildings a new life and purpose.Adaptive reuse offers a stack of dividends that "embodied" energy and carbon already locked into its walls, foundation, and extend well beyond the footprint of any single project. It is a strategic investment finishes. Studies show that keeping—rather than razing—an older building in existing public asset that generates long term economic and social returns. can avoid 50-75 percent of the carbon that would be released if the same Within the framework of the Old Heat Project, adaptive reuse embodies Objective square footage were rebuilt from scratch, while deep-energy retrofits cut 3:Adaptive use of State Resources. It does this by transforming an future operating emissions as well. Because reuse also sidesteps most of the under-leveraged State-owned facility into a productive hub for innovation, raw-material extraction and landfill waste tied to demolition, it is one of the workforce development, and technology commercialization. most immediately effective sustainability tools available to cities. Old Heat CERB Feasibility Study 131