The city is gearing up to nominate a chunk of downtown to the National Registry of Historic Places. Presented as a "West Loop-La Salle Street Historic District", roughly 70 historic (or "contributing") buildings would be contained within. The district would be generally bounded by the river, Van Buren, Dearborn, and Franklin. According to the city's nomination material, recognition of the district's historic role as the center of finance and governance is being sought. Preservation incentives (i.e. the 20% Federal rehabilitation tax credit) are also a driving force for nomination. Unlike with City Landmark status, no extra permit requirements will be required to do work on a structure— preservation is purely incentive driven. An informational meeting will be held later this month, with official reviews to follow. [City of Chicago]
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