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Types of Heritage Pain in Australia
Did you know that the state of Colorado, USA during the 2015 financial year alone provided a little over US $273 million dollars to 2,243 different historical heritage projects across Colorado - , this equates to an average of US $121,711 per heritage property! Colorado also provide Federal and State tax provisions to historic heritage listed properties so they have people trying to get their properties on their National Register of Historic Places. In addition, they are allowed to maintain, manage or dispose of their property as they choose (so long as there is no Federal involvement), but with benefits like those, who would want to get their property off the National Register of Historic Places? The Colorado Government works positively with property owners, and in doing so they readily and more easily acheive the outcome they desire.

Compare this to the Australian Government who during 2014 - 2015 only provided only a little over AUD $310,000 (GST inclusive) to only 30 different heritage projects across Australia! This is hardly much help to struggling heritage sites. 

How can money be raised? Well, consider the system in the UK - the National Lottery was formed in 1994 with proceeds from lottery funding going towards good causes including heritage funding. Since 1994  £7.1billion has been awarded to over 40,000, and the fund has £430million to invest in the year 2016 alone!
. The Australian Government's Productivity Commission's Inquiry Report 2006 - Conservation of Australia's Historic Heritage Places identifies the following types of Heritage Pain (page 170 - 171):

1) Serious devaluation of property price - by over 25% on average calculated by Herron Todd White (Australia's largest independent property valuation and advisory group in Australia), (Productivity Commission, 2006, page 171, Box 7.3).

2) Higher maintenance or restoration costs associated with maintaining a property's heritage integrity. These costs are likely to be substantially higher compared to the norm, as specialised heritage tradespeople are likely to be required - and the number of these specialised heritage tradespeople are getting fewer and fewer. 

3) Additional administrative costs associated with complying with heritage regulation.

4) Limitations on the ability to modify or adapt the property to modern living expectations or modern business use (or high costs to make such changes).

5) Limitations on the ability to develop the site on which the heritage property is located (in areas where this would otherwise be allowed). 

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