It appears to the be next step upwards beyond a UCD. While UCD's seem to have more generalized language with respect to code and upkeep, a Historic Preservation District has a more restrictive code, with a review from the Historic Preservation Committee required for remodels/exterior changes to residences. See Mesta Park's guidebook (
http://www.mestapark.org/Websites/me...guidelines.pdf).
While it can result in what could be viewed as overly restrictive house preservation standards, looking at the property values in the current HPDs, I would say it is a positive thing. If this succeeds, it seems that a place on the National Register comes not long after.
On a side note, it appears the Miller neighborhood below where I live is just ahead of Gatewood in the process. The application is pretty extensive, and a good insight into what it takes to make the HPD transition. (
http://www.okc.gov/planning/hp/docum...oulevardHD.pdf)
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