This post is a follow-up to our previous entry about Philadelphia’s plan to turn 500 acres of underused land into city parks by 2015. When a single good-sized maple tree can add over $7,000 to a home’s sale value, according to a study in Portland, Oregon, it’s not difficult to imagine the effect of turning [...]
Filed under: green infrastructure, renewal | Tagged: baltimore, cleveland, philadelphia, property values | 1 Comment »
In a series of posts, we will begin featuring excerpts from the recently released publication from TPL on measuring the economic value of city parks. In this first post, we look at the increased property values attributed to parks in Washington, D.C.: The most famous park in Washington, D.C. may be the National Mall with [...]
Filed under: economics | Tagged: property values, washington dc | Leave a Comment »
On a given city block, what is the revenue potential of a creating a new park as compared to that of new residential or commercial building(s)? Say your city has a downtown parking lot. The average value of the adjacent developed properties is $2 million per property. The city is short on downtown park space [...]
Filed under: economics | Tagged: property values | 2 Comments »
There’s more evidence of parks positive affect on property values from New York City. A new report issued today by the Friends of Hudson River Park found that the $75 million the public invested in a section of the park in Greenwich Village sprouted into an additional $200 million in property values in a two-block [...]
Filed under: economics | Tagged: new york, property values | 2 Comments »
