Putting a Price on Parks

As landscape architects prepare to head to Philadelphia this fall for ASLA Annual Convention, they can take heart in that city’s renewed dedication to the value and development of parks. The Philadelphia Inquirer recently reported, “Philadelphia’s parks are worth nearly $1.9 billion annually in services, income, and taxes to the city, Mayor Nutter and advocates said yesterday,” referencing a report that sets the stage for hearings regarding the future of Fairmount Park. (See report) That’s a lot of green.

With declining tax revenues and a slowed economy beginning to threaten the outlook for park development in cities large and small, are such analyses the right tool at the right time? Has anyone else attempted to assign a dollar value to your parklands?

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