The analysis indicates that over 90% of historic tax exemptions in 2023 benefited property owners west of Interstate 35, depicting stark geographical disparities.
A reevaluation of preservation incentive programs is necessary to better support historically underserved communities, prioritizing equity in cultural and economic benefits.
Current data shows that owner-occupied homes west of I-35 have a median value of $2.1 million, contrasting sharply with homes east, valued at $1.6 million.
The city's Equity-Based Preservation Plan is set to reform historic tax incentives, ensuring a more equitable distribution of preservation benefits to all communities.
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