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Quantifying The Economic Value of Greenway Benefits: Leveling The Budget Playing Field. Richard Hartman, AICP, CNU-a St. Petersburg, FL Based on preliminary paper, A Review of Methodologies to Determine the Economic Value of Greenways Texas State University, San Marcos Presented at:
Richard Hartman, AICP, CNU-a
St. Petersburg, FL
Based on preliminary paper, A Review of Methodologies to Determine the Economic Value of Greenways
Texas State University, San Marcos
Texas Trails and
Active Transportation Conference
Fort Worth, Texas
March 26, 2014
Large contiguous space
Make the budget fair by accounting for economic return from greenways in the ‘Plus’ column of a Cost-Benefit Analysis
Open Space and Parks Master Plans
Levels of Service
The most commonly mentioned problem of earlier studies was that almost all findings were based on anecdotal evidence and not on market data.
Trail not required:
“A greenway is defined here as a linear open space that connects parks, improves recreational opportunities, or aids in the protection of wildlife, natural areas, and scenic places.”
(Lindsey and Knaap, 2005)
A greenway is a…”linear open space established along a natural corridor such as a riverfront or stream valley, and abandoned railroad right-of-way, a canal, a scenic road or some other linear route.”
Residents are 65% more likely to walk in a neighborhood with sidewalks.
Cities with more bike lanes per square mile have higher levels of bicycle commuting.
of Americans want more transportation options so they have the freedom to choose how to get where they need to go.
currently feel they have no choice but to drive as much as they do.
would like to spend less time in the car.
Future of Transportation National Survey (2010)
Of all trips:
39% are less than 3 miles
17% are less than
of these trips…
National Household Travel Survey (2009)
Transportation accounts for nearly 1/3 of all greenhouse gas emissions.
Switching to walking or bicycling for short trips = reduce CO2 emissions by 12 to 22 million tons/year.
Lee County, Florida
Re-examined 5 road-widening projects
Found widenings unnecessary = $58.5 million savings
Use Greenways as ROW retainers for future use
17% of kids and teens are obese.
Limited physical activity contributes to the obesity epidemic.
Dedicated, safe space for bicycling and walking help kids be active and gain independence.
Greenways increase and improve the quantity and quality of interactions among community residents. They can increase mental and physical health by increasing friendships and by improving community security.
Budget for more of the benefits
Vehicle Operating cost savings
Some benefit, maybe
EDUCATION WITH THE FACTS
Trail-oriented Design and Development
Context Sensitive Design
Manage Transportation Demand
Road Diets and Traffic Calming
Trail-oriented Development (TrOD)
Connected to business district
Clear directionals to key nodes
Barton Creek, TX
Midtown Greenway, MN
Barton Creek, TX
Assessing price of land
ID & location of profitable services; maximizing profits
What engineering, education, and encouragement would you recommend?
What are the expected outcomes?
What benefits would you measure?
How could you measure those benefits?
What are some anticipated costs?
Would Typology by Transects help?
What are we overlooking?
Crompton, John L. 2001(a). Perceptions of How the Presence of Greenway Trails Affects the Value of Proximate Properties. Journal of Park and Recreation Administration Volume 19, Number 3 Fall 2001 pp.114-132.
_____. 2001(b). The Impact of Parks on Property Values: A Review of the Empirical Evidence. Texas A & M University, Dept. of Recreation, Park and Tourism Services. Vol. 33, 1:1-31.
_____ and Nicholls. 2006. An Assessment of Tax Revenues Generated by Homes Proximate to a Greenway. Jnl of Park and Rec Administration, Fall 24:3 103-108.
_____ and Marsh Darcy Partners, Inc. 2011. Bayou Greenways – A Key to a Healthy Houston. Houston Parks Board, August.
Danzer. R. (2006) “Trails and tourism.” Rails to Trails Magazine, Summer.
Fields, Billy. 2009. From Green Dots to Greenways: Planning in the Age of Climate Change in Post-Katrina New Orleans, Journal of Urban Design 14:3 325-344.
Lindsey, Greg. 1999. Willingness to Pay for Urban Greenway Projects, APA Journal, Summer.
_____, G., Payton, S., Man, J., and J. Ottensmann. (2003) Public choices and property values: Evidence from greenways in Indianapolis. The Center for Urban Policy and the Environment.
_____, et al., 2004. Property Values, Recreational Values, and Urban Greenways. Journal of Park and Recreation Administration, Fall.
_____, et al. 2006. Neighborhood Correlates of Urban Trail Use. Journal of Physical Activity and Health. Supp 1:139-157.
Litman, Todd. 2013. Evaluating Complete Streets: The Value of Designing Roads For Diverse Modes, Users and Activities, Victoria Transport Policy Institute, 6 June 2013
Nicholls, Sarah and John L. Crompton. 2005. The Impact of Greenways on Property Values: Evidence from Austin, Texas. Journal of Leisure Research V. 37, 3:321-341
Rails to Trails. -----. “From Trail Towns to TrOD: Trails and Economic Development.” Magazine, --------