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Calculating the Benefits of Parks, Trails, and Open Space

Overview

Research suggests that well-maintained parks, trails, and open spaces can positively impact surrounding property values and benefit local businesses by spurring economic activity within the surrounding area. These amenities can also provide a range of non-market value benefits to the surrounding community or ecosystem, which include those benefits not typically accounted for in market transactions. Furthermore, regional market analysis can help identify potential revenue-generating opportunities for the maintenance and operations of parks, trails, and open space amenities. This chapter provides examples of how to calculate market and non-market values of parks, trails and open space, as well as identify potential-revenue generating opportunities for their long-term maintenance and operation.

What you will take away from this course:

  • Techniques for calculating both market and non-market values of parks, trails, and open space amenities.
  • How regional market analysis can help identify potential revenue-generating opportunities for their maintenance and operation.

Click here to go the Planetizen website to sign up and view this course. 

Calculating the Benefits of Parks, Trails, and Open Space

Calculating the Benefits of Parks, Trails, and Open Space

Instructor

Todd Poole Head Shot WebTodd Poole is president, founder, and managing principal of 4ward Planning Inc., with more than 20 years of economic development experience, both as a private sector consultant and a public sector practitioner. On a national level, Todd has assisted cities, transit agencies, counties, nonprofit groups, and developers in crafting sustainable land-use strategies founded on key social, environmental, fiscal, and economic trends insights.