From Independence Hall to the Strip Mall: Applying Cost-Benefit Analysis to Historic Preservation
42 Pages Posted: 28 Aug 2017
Date Written: 2017
Over the past fifty years, hundreds of municipalities across the country have enacted historic preservation laws — ordinances that regulate the alteration and demolition of buildings deemed historically or aesthetically significant. Recently, however, preservation has become pervasive, freezing the development of vast neighborhoods filled with undistinguished buildings. Local preservation commissions tend to focus on the benefits of saving old buildings rather than the costs. This Article encourages local governments to consider costs, and proposes adapting the federal model of agency cost-benefit analysis to historic preservation.
Keywords: Historic Preservation, Cost-Benefit Analysis, CBA, OIRA, Local Government, Land Use, Fifth Amendment, Takings Clause, Penn Central, Penn Station, Affordable Housing, Administrative Law, Historic Districts, Landmarks, Landmarks Preservation Commission
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