Barron Building - Provincial Historic Resource

[Amsterdamned]

I just came across an article indicating the Barron Building is to be designated a Provincial Historic Resource per the following link: http://www.qp.alberta.ca/documents/gazette/2014/pdf/06_Mar31_Part1.pdf Refer specifically to pages 4 & 5.

This is easily my favorite building in the City and I know its slated for redevelopment. A significant renovation/addition anyhow.

I'm curious whether anyone knows anything further. Although it may be designated a Historic Resource, I believe it can still be renovated and modified. Can anyone confirm this??