Measuring the Economic Value of a City Park System
In 2003, The Trust for Public Land’s Center for City Park Excellence gathered two dozen park experts and economists in Philadelphia for a colloquium to analyze how park systems economically benefit cities. Based on this conversation and subsequent consultation with other leading economists and academics, the center identified seven attributes of city park systems that provide economic value and can be measured. While not every aspect of a park system can be quantified, this report examines seven major factors:ยท Property…