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Calculating the Benefits of Parks, Trails, and Open Space
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Calculating the Benefits of Parks, Trails, and Open Space

Calculating the Benefits of Parks, Trails, and Open Space

35 min
Credit: AICP CMCNU-A

This course is approved for .5 AICP CM credit. 

Research suggests that well-maintained parks, trails, and open spaces can positively impact property values and benefit local businesses by spurring economic activity within the surrounding area. These amenities can also provide a range of benefits to the surrounding community or ecosystem 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 course provides examples of how to calculate market and non-market values of parks, trails, and open space, as well as how to identify potential-revenue generating opportunities for long-term maintenance and operation. 

In This Course

  1. This chapter previews the course's outline and key takeaways.
  2. Market Values
    This chapter surveys available research and techniques for calculating market values of parks, trails, and open space.
  3. Non-Market Values
    This chapter surveys available research and techniques for calculating non-market values of parks, trails, and open space.
  4. Revenue-Generating Activities, Part 1
    Revenue-generating activities, services, and facilities can help pay for the operation and maintenance of park, trails, and open space. Conducting a regional market analysis is an important first step in identifying potential new markets and prospective revenue-generating opportunities.
  5. Revenue-Generating Activities, Part 2
    This chapter presents examples of market analysis techniques used to identity revenue-generating activities in a range of parks, trails, and open space projects.

Published 2016