|From:||Tony Chenhansa <email@example.com>|
|Date:||Wed, 19 May 1999 10:56:31 -0700 (PDT)|
|Subject:||"The Economic Benefits of Open Space"|
The Trust for Public Land (TPL) has released a report on 5/17/99 about the economic benefits of open space. "The Economic Benefits of Parks and Open Space: How Land Conservation Helps Communities Grow Smart and Protect the Bottom Line." TPL's 48-page report features research findings and examples from around the country. Topics include conservation as a smart-growth tool; the role of parks and greenways in attracting business and investment; the importance of parks in revitalizing cites; the economic benefits of land-based tourism and recreation; the role of farms and ranches to community economies; and the economic benefits of protecting floodplains, watersheds and wildlife habitat It's available in PDF format at: http://www.igc.org/tpl/newsroom/reports/econbenz/index.html Below is a partial list of economic benefits. * Estimated annual value of open space to the economy of New Hampshire: $8 billion * Approximate fraction of the state's total economy this amount represents: 25 percent2 * Percentage of Denver residents who in 1980 said they would pay more to live near a greenbelt or park: 16 percent Percentage who said so in 1990: 48 percent3 * Estimated gross increase in residential property value resulting from proximity to San Francisco's Golden Gate Park: $500 million to $1 billion * Increased property taxes resulting from this value: $5-$10 million4 * Annual value of agricultural production in California's Central Valley: $13 billion * Estimated amount of Central Valley farmland lost to urban sprawl each year: 15,000 acres * Estimated value of agricultural production that could be saved by 2040 if Central Valley communities increased the density of development from 3 to 6 housing units per acre: $72 billion5 * Estimated value of outdoor recreation to the U.S. economy in 1996: $40 billion6 * Estimated cost to New York City to buy watershed lands to protect upstate drinking water supplies: $1.5 billion * Estimated cost to New York City to build a filtration plant if upstate watershed lands are developed: $6 billion to $8 billion12 continued ... http://www.igc.org/tpl/newsroom/reports/econbenz/benefits.html -- [EFFECTIVE IMMEDIATELY: CPEO'S PHONE NUMBER HAS CHANGED TO 415-405-7751. OUR FAX NUMBER IS STILL THE SAME] Tony Chenhansa, Program Coordinator Center for Public Environmental Oversight (CPEO) 425 Market Street 2nd Floor, San Francisco, CA 94105 ph: 415-405-7751 fx: 415-904-7765 e-mail: firstname.lastname@example.org http://www.cpeo.org A program of the San Francisco Urban Institute
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