I've never understood why a historic building needs to be "historically significant" in order to be worthy of preservation. whether or not funds can be found to save it is another matter, but it's "worthy" simply because it's one of a dying breed—a beautiful, solid, masonry structure that we no longer have the means to build. once they're gone, they're gone, and the economics are now such that only a handful of similarly-scaled modern buildings can hold a candle to them in terms of longevity.
Worthy of preservation vs. financially feasible for preservation are two different things. Or maybe not. That's a question.
What's not a question is that if it's historically significant and eligible, it could be listed in the Secretary of Interior's National Register of Historic Places (or whatever the official name), qualifying rehabilitation expenditures for state and possibly federal historic rehabilitation tax credits. Those tax credits can go a long way towards making its redevelopment financially feasible.
Does anyone know if the Incarnate Word Convent is already on the National Register, or if its nomination is pending (and who's paying for it)? Would UMSL lease the building to a for profit owner for 99 years to make it eligible for private financing? Is this building landlocked by public property on the UMSL campus? Seems a lot of hair present on this situation.
National Register nomination efforts are lengthy (about a year) and expensive (about $10,000 for a single site). Someone has to come out of pocket on the nomination and there's no guarantee of approval.
As to this statement:
...but it's "worthy" simply because it's one of a dying breed—a beautiful, solid, masonry structure that we no longer have the means to build....
It's silly. The St. Louis region was built of brick. We have tens of thousands of brick buildings in St. Louis. They are not a "dying breed". We are swimming in them. Our problem is that we have too many vacant and abandoned ones than we can fill with viable uses.
Why is it that the preservation conversation so often seems to go from one rather high profile "emergency" situation to another, only to have countless other irreplaceable brick structures literally getting no attention and rather just moldering into the ground? Is it all because of social media?