I agree with our mayor that the 4thAve is valuable to our city as a symbol of times past. We should encourage the owners to save it if they can. Maybe tax breaks. 
I also think the NoLiHo (thank AlaskaJack for monikers) is significant as a symbol of an interesting time in our cities past. It was built by Jack and Edna Cox as a venue for party girls to entertain lonely pipeliners during the building of the Trans Alaska Pipeline. Jack and Edna Cox also built The Great Alaskan Bush Company during this period. This was a rough and lawless time that changed our whole state forever. This property will become more and more important as time passes. The hotel is not so pretty now but I think the structure is sound. Just needs a face lift, and the provenance brought forward. It can be nice. We should encourage the owners to save it if they can. Maybe tax breaks.