Private owners of restored historical buildings are not likely to capture the full benefit of restoration so they tend to discard them too quickly. Many local governments respond to this problem by: (i) condemning historic buildings to make room for new development
(ii) regulating the destruction of historic buildings
(iii) providing tax breaks to owners of historic buildings who restore them.
A) (i), (ii) and (iii) are all used
B) only (i) and (iii) are used
C) only (ii) and (iii) are used
D) only (i) and (ii) are used

Question

Quizplus · Accepted Answer

Local governments typically regulate the destruction of historic buildings, which is option (ii). Additionally, they commonly provide tax breaks to owners of historic buildings who restore them, which is option (iii). Condemning historic buildings to make room for new development, which is option (i), would be a less common practice, as most local governments have recognized the value of preserving historic structures. Therefore, only (ii) and (iii) are the most likely options for addressing the problem, making option C the best choice.

Private Owners of Restored Historical Buildings Are Not Likely to Capture