In developing effective urban revitalization strategies some still question the value of historic preservation districts and effort. Too few academic researchers have tried to identify and present practical evidence that historic preservation produces important changes in property values. This study using hedonic models in both fast and slow-growth regions demonstrates that historic preservation can indeed make an important contribution to urban revitalization efforts. In addition, historic preservation also produces other returns including enhancements related to aesthetic values and preserving an areas cultural heritage. This study demonstrates that there are both economic and planning benefits from historic preservation and that cities would be well advised to create a select number of districts within aging communities that suffer from the onset of deterioration

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Akram M Ijla is a PhD and Assistant Professor at Al Azhar University of Gaza. A native of Gaza, Palestine he has served as the Director General of Ministry of Tourism and Antiquities for Palestine. Mr. Ijla's research and scholar works focus on issues of social capital, cultural tourism,economics of historic preservation, and urban revitalization