Preserving History or Hindering Growth? The Heterogenous Effects of Historic Districts on Local Housing Markets in New York City
National Bureau of Economic Research Working Paper Series Number 20446, September 2014
By: Michael Gedal, National Bureau of Economic Research, Vicki Been
https://www.nber.org/papers/w20446.pdf
Report a broken linkHistoric Preservation
This report looks at the impact that historic districts have on property values in New York City, from the perspective of economists and policy analysts. It finds that historic designation does increase property values outside of Manhattan, consistent with their theoretical economic model.