America has a rich history. But did you know that preserving the old historical buildings can boost the local economy? Yes, history pays. A perfect example of an American city that has boosted its economy by preserving history is San Antonio. The city of San Antonio boasts of 29 historical districts, and that includes the area around Alamo. The city protects an area with a large number of historical sites or buildings via the restriction of acts of development and demolition.
A 2015 study commissioned by the city of San Antonio indicates that on top of increasing tourism dollars for the city, they also lead to the creation of employment opportunities for locals in the area. The latest designation in the efforts to preserve history is San Antonio is the East French Palace, an area with dozens of houses built in 1922. East French Palace is the city’s most recent historical district.
But San Antonio is not the only American city that benefits greatly from the country’s rich history; other cities enjoy the same benefits too. Local historic districts in American cities outperform other districts economically most of the time. Good examples of such districts include the Savannah in Georgia, Atlanta and Greenwich Village in New York City.
The national register of historic places is maintained by the National Park Service. It’s a list of federally designated places in our cities worth preserving. A neighborhood can receive historic designation at either the local or historic level and reap massive economic benefits through tourists attraction as well as recreational purposes. America has a rich history, and it pays well to preserve it.