Over the past decade , as historic district designations have proliferated in many communities , opposition among low- and moderate-income persons and small businesses has also mounted . Because fewer of these people are property owners , their fears are more likely to be based on the alleged displacement effects of designation , rather than on the restrictiveness of property controls or the dampening of property values . Therefore , they argue more or less the converse of property owners : that property values will rise in response...
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