Without the intervention from civic leaders Joan Kent Dillon and William Deramus III, the Folly would now be a parking lot for the convention center. However, by garnering support and raising funds, they saved a Kansas City treasure. In 1974, the Folly was placed on the National Register of Historic Places in June. Standard Redevelopment Corp. was formed in September and merged with the non-profit Performing Arts Foundation. PAF purchased the property in December with funds raised from foundations, corporations, individuals, $60K from the Department of Interior, and Community Development funds from the city of Kansas City, MO.