While Graceland Booms, Other Historic Homes Rot

Americans have always sought architectural brushes with greatness.

The nation's first president spent the night at so many inns and private houses that signs advertising "George Washington slept here" were regular roadside attractions even during his lifetime.

But only a few homes of celebrated figures, such as Thomas Jefferson's Monticello and Elvis Presley's Graceland, have become sites that people go out of their way to visit. Most such places have been torn down, or fall into neglect and disrepair.

Last month, jazz great Miles Davis was honored with a postage stamp issued jointly by the U.S. and France. Yet his childhood home in East St. Louis, Ill., is being torn apart by thieves, its aluminum siding and even wood panels stripped from every side of the house.

It may be a shame when homes associated with great artists or historical figures are left to rot. But how many such homes are ever going to be preserved — or attract the interest of many visitors?...