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.
This course is approved for .5 AICP CM credit.