We are in need of some advice or input regarding the costs and benefits of deeming an area a local historic district. Our downtown is somewhat vacant at this time, yet it has a number of old historic buildings. We have tossed around the idea of making it a local historic district, but our fear is that this distinction and the regulations that go with it could discourage new businesses from coming to this district. Conversely, the historic distinction could lead to renovations and tourism which could attract businesses and economic activity. Does anyone have any input in regards to what has resulted in other areas facing a similar situation. Keep in mind that our city is very small (8,000 people) and far from any metropolitan area. Thanks for your help.