Abstract
ABSTRACT This article analyses governmental historic preservation programmes and their propensity to reshape neighbourhoods in urban America. Using Chicago as a case study, we explore the flagship preservation programme of the United States, the National Register of Historic Places, and the tax incentives offered specifically for revenue-generating real estate, such as multi-unit apartment rentals. Our focus is on the historic Sheridan Park enclave of Chicago’s Uptown neighbourhood during the watershed decades of the 1980s and 1990s. Of particular interest is how the local investment community – realtors and developers in particular – promoted the National Register and follow-on incentives as a means to attract investment and, ultimately, to revalue the neighbourhood and facilitate gentrification. Given the popularity of the National Register and the tax relief offered to historic property owners, in Chicago and in communities nationwide, surprisingly little research exists to clarify the role of investors as drivers of gentrification in historic neighbourhoods.
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