One thing that sets St. Louis apart from most other American cities is our historic neighborhoods. Much has been written about the marketing and reinvestment potential of historic rehabilitation. And much of that is made possible through the use of state and federal historic rehabilitation tax credits.
However, only a small percentage of the city is currently eligible for historic tax credits. If we set out to substantially increase the number of city neighborhoods listed on the National Register, who knows how much more we could see in neighborhood revitalization?
With the exception of the new Jefferson-Gravois Streetcar Suburb Historic District and the expanded Tower Grove Heights Historic District, most of the city's historic districts are concentrated close to downtown, along the riverfront (Hyde Park and St. Boniface) or in the central corridor. Visit the neighborhoods listed on the National Register, and you 'll see a large amount of historic rehab, both underway and recently completed.
The rebirth of downtown has largely been driven by historic rehab. Good work is happening now in Old North St. Louis and Forest Park Southeast through the same resource.
Yet, the vast majority of North and South City is not part of any national historic district. The lack of historic tax credits makes it much harder to finance rehab in these neighborhoods. Where would be a good place to start next?