Historic Reuse: The New Development Ethic?

"Standing to gain revenue-producing developments and revitalized neighborhoods, a large number of America's municipalities are fully endorsing the historic preservation trend. As an added incentive, a host of state and federal programs offers funding for rehabilitating, and in many cases, finding new uses—adaptive uses—for older, frequently downtrodden buildings. But along with these preservation opportunities have come significant challenges. The approval process and intensive management associated with preservation and adaptive use require additional planning as well as specialized knowledge -- and can entail greater risk."