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Airport terminal provides backdrop for ULI seminar.


Newark Liberty International Airport's historic Building One was recently the setting for a sustainable design program on "Historic Preservation Historic preservation is the act of maintaining and repairing existing historic materials and the retention of a property's form as it has evolved over time. When considering the United States Department of Interior's interpretation: "Preservation calls for the existing form,  Opportunities and Challenges in Urban New Jersey" sponsored by the Northern New Jersey District Council of the Urban Land Institute (ULI-NNJ).

About 50 representatives from various sectors of the real estate industry, including developers, attorneys, engineers and lenders, attended the seminar, which is the first in a series on sustainable design planned by ULI-NNJ, a "think tank" for issues involving responsible land use.

The historic building, which was dedicated by Amelia Earhart in 1935 as the nation's first commercial airline terminal, was a fitting venue for the program, which focused on historic preservation projects, said Peter Primavera pri·ma·ve·ra 1 or pri·ma ve·ra  
n.
1. A tree (Cybistax donnellsmithii) of Mexico and Guatemala, having opposite, palmately compound leaves, yellow flowers, and close-grained, light-colored wood.

2.
, president of the Highland Park-based Cultural Resource Consulting Group.

Primavera, a member of ULI-NNJ's executive committee, served as moderator.

The terminal had been slated for demolition due to a runway extension, but was preserved through the efforts of airport personnel, who recognized its historical value as an art deco art deco (ärt dĕkō`; är dākō`, ärt) or art moderne (är môdĕrn`, ärt)  landmark, said Susan Baer, general manager of Newark Liberty International Airport For the massive interchange outside of Newark Liberty International Airport, see .

Newark Liberty International Airport (IATA: EWR, ICAO: KEWR, FAA LID: EWR), first named Newark Airport and later Newark International Airport
, who gave a brief presentation on the building's history.

The building, which is now used as an administration building, was moved in three parts to its present location at the airport's North Area several years ago, she said. Also on the agenda was a tour of the building and a former control tower that was one of the world's first free-standing control towers.

The restored terminal was an apt metaphor for the program's historic preservation theme. Six panelists addressed strategies for successfully integrating sustainable design and historic preservation, including those involving planning; preservation architecture; tax credit equity financing Equity Financing

The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation.
; and municipal, state and federal regulations.

The subject matter was of interest to participants because the increasing scarcity and expense of open land in New Jersey is forcing developers to turn to redevelopment, which may necessitate a historic preservation review process in cases where historic sites or structures exist on the property, or even nearby.

"Historic preservation is particularly important in New Jersey where we can't expand much more than we already have," said financial consultant William Dixon William Dixon may refer to:
  • Billy Dixon (1850-1913), one of only a few civilians to be awarded the Medal of Honor.
  • William W. Dixon (1838-1910), a U.S. Representative from Montana.
 of Land America Commercial Services, who attended the event. "Along the way we can preserve a lot of historic buildings and make them more relevant."

The panelists described the pitfalls involved in the historic preservation process, as well as the rewards. The latter include federal historic tax credits that can be very remunerative for developers, according to panelist William Hoffman, managing director of Princeton-based CityScape (company) CityScape - A re-seller of Internet connections to the PIPEX backbone.

E-Mail: <sales@cityscape.co.uk>.

Address: CityScape Internet Services, 59 Wycliffe Rd., Cambridge, CB1 3JE, England. Telephone: +44 (1223) 566 950.
 Capital Group, a boutique investment banking firm.

Also of interest to participants were several large-scale historic preservation projects described by panelists, including the Spring Street Redevelopment in Morristown, N. J., described by Allen R. Kopelson, principal of NK Architects, and the Salem (N. J.) Historic Home Redevelopment described by Timothy Henkel of Pennrose Properties.

Though navigating a maze of historic preservation regulatory and financial requirements can be difficult, expensive and time-consuming, the panelists stressed that even the most difficult projects can be realized with patience and planning.

"Don't say can't," urged panelist Kenneth Kalmis, chair of the City of Jersey City Historic Preservation Commission.

ULI-NNJ's next event, "Environmental Issues Seminar," is being cosponsored by the New Jersey Institute for Continuing Legal Education The purpose of continuing legal education is to maintain or sharpen the skills of licensed attorneys and judges. Accredited courses examine new areas of the law or review basic practice and trial principles. . The event, which will run from 9 a.m. to 3 p.m. on Wednesday, May 2, will feature New Jersey land use experts discussing the newest developments in the state's land use litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute.

When a person begins a civil lawsuit, the person enters into a process called litigation.
. The preregistration pre·reg·is·tra·tion  
n.
An early registration, as for returning college students, that takes place before general registration.
 fee for ULI ULI Underwriters Laboratories Inc.
ULI Urban Land Institute
ULI Universitärer Lehrverbund Informatik
ULI Universal Life Insurance
ULI Ultra-Light Inflatable
ULI University/Laboratory Initiative (Office of Naval Research) 
 members is $189.00.

For more information or to register, call (201) 997-6982 or visit the ULI-NNJ Web site at www.nnj.uli.org.
COPYRIGHT 2007 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Comment:Airport terminal provides backdrop for ULI seminar.
Publication:Real Estate Weekly
Date:Apr 18, 2007
Words:602
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