There seem to be a lot of benefits for an area with this designation. The Village of Lancaster in New York has been designated a preservation district. Its website points out that this distinction has many benefits for the area. Historic preservation is a catalyst. Historic preservation demonstrates that the rehabilitation of older structures not only preserves a sense of our architectural heritage but also provides an attractive and viable opportunity to businesses wishing to take advantage of such structures, thus stabilizing the local economy.
Historic preservation is a powerful economic generator.
The increase in the tax base and creation of new jobs in preservation districts are real and significant benefits of preservation activity. Historic preservation improves housing. Historic preservation builds community pride and preserves values. Historic preservation activity results in the intangible benefit of linking the preservation of buildings with the preservation of community values. Historic preservation creates awareness of a community's heritage.