Historic preservation is the act of preserving buildings, sites, and objects that are considered to be historically important. The importance of historic preservation has become more apparent in recent years due to the rapid increase in urban development. Historic landmarks can provide a sense of place for residents while also serving as an opportunity for tourism. However, not all communities have embraced this idea because they feel it threatens their local identity or changes the character of their town.
In the past, historic preservation was considered a luxury for wealthy communities and private organizations. Now, however, more cities are recognizing its importance as an economic tool to attract visitors and businesses while also saving money in areas such as law enforcement resources by turning vacant buildings into affordable housing units.