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Post-industrial communities across the world are transitioning from industrial economies and identities to an uncertain future. Their successful transitions depend on communities’ abilities to navigate change and maintain a quality of life, or their community’s resilience. Previous scholarship offers resources and capabilities that facilitate or inhibit community resilience such as leadership, social capital, and information. However, collective memory is not well integrated within the community resilience literature. Drawing on data from interviews with 33 community leaders in the town of Anaconda, Montana, we illuminate the impact of collective memory on community resilience. The Anaconda Smelter Stack stands out as a specific landmark and prominent feature of the built environment that perpetuates particular collective memories in Anaconda. We find that collective memory is an integral part of community resilience, where memories can aid in a community’s recovery and rebuilding or constrain thinking and divide viewpoints. We argue that ignoring collective memory’s connections to resilience can undermine efforts to face changes in these communities.