Looking After Cultural and Natural Heritage Resources in Asia ...

Property
ownership
Public sector
Streets
Open spaces
Plots/Buildings
Private sector
Owner-occupied
Plots/Buildings
Fully developed financing system for urban conservation areas
Cost categories Form of funding Sources of funding Remarks
- Acquisition
- Major renovation,
repairs
New infrastructure
construction
Maintenance Recurrent expenses
(of respective public
agency)
Land acquisition - Private investment
- Special low-interest
loans
- No charges for
public infrastructure
improvements
Construction - Private funding
- Low-interest loans
- Public subsidies
- Tax deduction
To be elaborated later in this course
Maintenance - Private
- Tax holidays or
reduced tax
Rented property Rental payments - Public subsidies for
needy residents
Capital investment - Specific national grant
- Annual budget of agency in charge
of heritage sites
- Special lottery proceeds
- Special fund raising measures
Capital investment - Federal, state, municipal cofunding
- Revenues from renting property
- Entrance fees
- Surcharges on hotel taxes
(“Kurtaxe”)
- Preferential tax arrangements for
conservation areas
- National funds earmarked for
conservation areas
- Preferential tax arrangements for
conservation and environmental
projects
- Preferential tax arrangements
within 15-20 years after construction
Legal tool for
acquisition right of
“first refusal” of local
authority
Entrance fees for
foreign tourists, e.g.
After the end of the
conservation
programme (20-25
years), charges for
infrastructure
improvements
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