Stephen’s post on alleged corruption at the New York City Landmarks Preservation Commission reminded me of a great scene from The Bonfire of the Vanities that I wanted to share here. Tom Wolfe describes a scenario in which a black bishop wants to sell his church’s property in order to raise money for the [...]
Because Arlington County, VA is not home to many properties over 100 years old, planning officials have turned their historic preservation efforts to those properties they do have to preserve. The Sun Gazette reports:
The first phase of the effort focused on only a very narrow slice of property types in Arlington: garden apartments, [...]
Chicago Real Estate Daily:
An Illinois appellate court has struck down the city of Chicago’s landmarks ordinance, saying it is unconstitutionally vague, putting in jeopardy the city’s protection of more than 250 buildings and 50 historic districts.
Judge James Fitzgerald Smith of the three person Appellate Court wrote, “We believe that the terms ‘value,’ [...]
by Sandy Ikeda
The other day I was lecturing to my students about externalities and the Coase Theorem. One of the examples I used came directly from the our textbook – Heyne, Boettke, & Prychitko’s The Economic Way of Thinking. It asks what would happen if you tried to declare a large tree in [...]
photo by flickr user wallyg
Back in the days in the Wild Wild East of private land ownership and limited land-use restrictions, parks were actually created by market forces. The same forces that created and preserved Gramercy Park could easily be used to preserve Historic Landmarks and low density “neighborhood character”.
Houston Strategies – Historic preservation should be a neighborhood choice
“In Houston’s Old Sixth Ward, the city’s first fully protected district, property values have shot up 27 percent in the last year. When given the chance, historic preservation works.” This is great news! It means there should be absolutely no problem getting voluntary neighborhood [...]