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Historical Preservation and Razed Buildings |
Historical preservation and renovation yield tax incentives at the local, state and federal levels to encourage responsible citizens to provide capital for investment of time, recourses and knowledge for preservation and renovation costs the maintenance on historic property. However, there are several instances where historical preservation efforts have been a hindrance to developers and commercial real estate proposals. Depending on where you stand, this can also be a victory for historical conservationists and neighborhood ambassadors. A current example of historical preservation controversy in the Dallas proper neighborhood right next to downtown: The Cedars. Cedars Neighborhood || 1423 W. Griffin Time Warner bought the property and building with the intention of expanding their physical footprint. This would involve a parking lot and operations center. This could have easily been demolished and lost to development. What seems to have saved this property is its character.