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Full-Text Articles in Economic Theory
The Catalyst Effect Of Historic Preservation: A Spatial Analysis Of The Impact Of Historic District Designation On Housing Renovations In New York City, Ali R. Mostafa
Theses and Dissertations
The constraints on property use along with the economic merits of historic districts are critical points in the debate over preservation policies. Improving the existing housing stock is a substantial economic activity and a significant part of the nation’s overall construction industry. The purpose of this study is to present an empirical analysis of the relationship between historic district designation and renovation decisions. The results of the analysis found that historic preservation does not inhibit the renovation activity of single-family homeowners. However, contrary to the claims made by proponents, it does not give a powerful incentive for owners in undesignated …