Fri
Apr 29 2016
09:44 am

from National Recreation and Park Association ...

State - Tennessee
Economic Activity (Transactions) - $1,690,819,194
Labor Income - $620,702,417
Employment (Jobs) - 14,577

The Economic Impact of Local Parks



continued...

from National Park Service ...

A study of property values near greenbelts in Boulder, Colorado, noted that housing prices declined an average of $4.20 for each foot of distance from a greenbelt up to 3,200 feet. In one neighbor- hood, this figure was $10.20 for each foot of distance. The same1-3 study determined that, other variables being equal, the average value of property adjacent to the greenbelt would be 32 percent higher than those 3,200 feet away (Correll, Lillydahl, and Singell, 1978).

Economic Impacts of Protecting Rivers, Trails, and Greenway Corridors

Impact of Parks on Property Values

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