historic district benefits
A local historic district will boost property values, tourism, and increase historic preservation to maintain our town's heritage and architecture. It will also generate widespread economic appeal to our community, which will drive businesses and homeowners to locate in Belmont and increase jobs. Homeowners will benefit from increased property values, which will help revive our real estate market. A local historic district will help ensure the character and heritage of this special place is preserved for future generations. The City would benefit from the overall resulting increased tax revenue and increased tourism.
But, don't we already have a historic district?
Belmont has a National District but not a local district, which is being requested. The National District provides no protection for historic structures and only serves to provide renovation tax-credits to home owners. The good news is that the National District clearly defines the boundaries of historic downtown, which can be used in the creation of a local district. The two districts would greatly complement each other, yet serve separate and distinct functions.