10/09/2026
A protected building nobody can afford still falls down. An investor with nothing to protect demolishes.
Fifth installment of Art & Finance. Ocean Drive’s story is usually told as one visionary developer’s, but it took two things: the 1979 Art Deco district designation, won by Barbara Baer Capitman, which stopped the demolitions, and the private capital that arrived in 1985 with Tony Goldman to make that heritage profitable. Goldman did not replace the preservationists — he worked alongside them for decades.