Past attempts at Historical Preservation and the Lessons Learned From
Their Successes and Failures
Article
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Historic Preservation: Gentrification or Economic
Development
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Author
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Denise Lapenas
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Publication
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State and Local Economic Development, Professor
Bob Turner, Skidmore College
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Link
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www.skidmore.edu/~bturner/ED%20Student%20Web%20Files/dlapenas5.html
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Accessed
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11/14/2019
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Historic
preservation has traditionally been simply restoring historically significant
architectural or geographical sites for aesthetic value or for the benefit of
future generations to better understand the ways and styles of the past.
Recently the use of historic preservation has also begun to be viewed by cities
and towns as a means to economic development and urban renewal.
Successes
- Historic preservation has aided in local
economic and community revitalization, increased tourism and employment,
and preserved regional history, culture, and pride. Hence, Historic
preservation has potential to act as a development tool, not just growth,
because it creates jobs and increases tax bases and property values, as
well as improving the quality of life and the living environment.
Moreover, preservation is valuable in that it helps conserve scarce economic
resources by promoting reuse of existing buildings and infrastructure. For this
reason, even a government gets to grips with encouraging historic preservation
by using tax credit programs, for instance, The tax credit program of the state
Missouri.
Failures
- Bring in wealthy residents and new businesses and
the likelihood that it will drive out low-income local residents. In
fact, There continues to be many real and perceived socio-economic problems
associated with historic preservation. Because successful historic preservation
often attracts greater tourism, new businesses, venture capitalists, and
well-off young professionals, there is also a tendency for property value (and
therefore rent prices) to rise and long-term lower income residents of the community
to be forced to leave. Additionally, the amount of restrictions put on
residents to keep all projects and maintenance within the guidelines of the
historic preservation plans. One of the biggest concerns about historic
preservation is the gentrification[1].
In
short, Before trying to preserve historical sites, People need to consider the
afterwards of their decisions.
They should think about the effects of short-term
and long-term in the society where the historical sites are located.
[1] Gentrification
is a process of renovating deteriorated urban neighborhoods by means of the
influx of more affluent residents
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