diff --git a/modules/block/block.module b/modules/block/block.module
index 175bd81d1152..ab3dc2ebe1e4 100644
--- a/modules/block/block.module
+++ b/modules/block/block.module
@@ -684,8 +684,23 @@ function block_list($region) {
       else {
         $page_match = TRUE;
       }
+      $block->enabled = $enabled;
+      $block->page_match = $page_match;
+      $blocks[$block->region]["{$block->module}_{$block->delta}"] = $block;
+    }
+  }
 
-      if ($enabled && $page_match) {
+  // Create an empty array if there were no entries
+  if (!isset($blocks[$region])) {
+    $blocks[$region] = array();
+  }
+
+  foreach ($blocks[$region] as $key => $block) {
+    // Render the block content if it has not been created already.
+    if (!isset($block->content)) {
+      // Erase the block from the static array - we'll put it back if it has content.
+      unset($blocks[$region][$key]);
+      if ($block->enabled && $block->page_match) {
         // Check the current throttle status and see if block should be displayed
         // based on server load.
         if (!($block->throttle && (module_invoke('throttle', 'status') > 0))) {
@@ -707,9 +722,5 @@ function block_list($region) {
       }
     }
   }
-  // Create an empty array if there were no entries
-  if (!isset($blocks[$region])) {
-    $blocks[$region] = array();
-  }
   return $blocks[$region];
 }