Economic (and other) Benefits of Trails, Greenways and Open Space

Compiled by Rory Robinson, National Park Service - Rivers, Trails and Conservation Assistance – January, 2009

Expenditure by Residents 

Commercial Uses 

Tourism 

Corporate Relocation and Retention 

Public Cost Reduction

Can we afford it? 

Property Values  

Intrinsic Value 

Create safer neighborhoods

 

Expenditures by Residents - Spending by local residents on greenway related activities supports recreation oriented businesses and employment as well as other businesses which are patronized by greenway and trail users.

BUILD IT THEY WILL COME (STAY) if you don’t, they will go (FIND)

 

Commercial Uses - Greenways provide business opportunities, locations and resources for commercial activities such as recreation equipment rentals and sales, lessons, special events, on-site concessions and other related businesses. 

 

Tourism National Park Service states that outdoor recreation and leisure expenditures account for a substantial part of tourist’s discretionary spending, as ecotourism continues to be one of the fastest growing sectors of the travel industry. Greenways are often major tourist attractions generating expenditures on lodging, food and recreation oriented services and improving the overall appeal of a community to tourists and new residents.

 

Corporate Relocation and Retention The Center for Regional Economic Issues at Case Western Reserve University defines five focus areas in a working model for economic development. These are Brainpower, Innovation, Marketing and Awareness (Branding), Dialog and Inclusion, and Quality Place which underscores the importance of building sustainable, connected places to live and for businesses to compete focusing on building places that are competitive, cool, and connected.

 

Public Cost Reduction – According to the American Planning Association, “perhaps one of the greatest values of an interconnected green space system is the financial benefit that may be gained through the reduction of the need for the built environment.”

Can we afford it? - According to U.S. Rep. James Oberstar (D-MN), constructing one mile of urban freeway costs an average of $46,000,000 a mile.

Property Values - In 2001 Dr. John Crompton of Texas A&M University compiled results of 25 studies on the effects of open space on property values - 20 of 25 studies concluded that open space and parks increased proximate property values - 4 of 5 other studies reached ambivalent conclusions. 


2004 survey by the National Association of Realtors and National Association of Home Builders

2001 Indiana Trails Study: 86% to 95% of trail neighbors indicated the trail had either positive or no effect property value, 81 to 93 % indicated trail had no negative effect or made it easier to sell.

“It may not have sand and crashing waves, but the Monon Trail is the equivalent of beachfront property in the Indianapolis area.” Bill Ruthhart Indianapolis Star

Intrinsic Value - Humans benefit from access to recreation that can improve physical health and fitness, improve quality of life and increase community pride and sense of regional character. 
2001 Indiana Trails study 

Create safer neighborhoods – Neighborhoods that provide trails, greenways, parks, sidewalks, neighborhoods increase opportunities to be out and active, connect and interact in a shared environment.