By Kevin Korenthal
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14 Aug, 2023
The Evidence Supports the Hypothesis that Exceptional Parks Spark Economic Growth and Foster Thriving Communities The hypothesis that exceptional parks have a positive impact on the local economy is supported by a significant body of research. Numerous studies and papers have demonstrated the various ways in which well-designed and well-maintained parks contribute to economic development and local communities. Here are some key findings from research that support this hypothesis: 1. Increased Property Values: Several studies have shown that properties located near parks or with easy access to green spaces tend to have higher property values. A well-maintained park can enhance the aesthetic appeal of a neighborhood, making it more attractive to potential residents and leading to increased property demand and value. 2. Tourism and Visitor Spending: Exceptional parks can attract tourists and visitors, resulting in increased spending in the local economy. People often visit parks for recreational activities, events, and cultural attractions, leading to expenditures on accommodations, dining, shopping, and other local services. 3. Job Creation: The development and maintenance of parks require labor, which in turn creates job opportunities. Jobs related to park maintenance, landscaping, event management, and tourism services contribute to local employment and economic activity. 4. Attracting Businesses and Talent: A vibrant park system can attract businesses and talented individuals to an area. Companies are more likely to establish a presence in areas with quality recreational facilities, as these spaces contribute to a higher quality of life for their employees. 5. Local Business Support: Parks can indirectly support local businesses by increasing foot traffic in nearby commercial areas. People who visit parks are more likely to patronize local businesses, such as cafes, restaurants, and shops, resulting in increased revenue for these establishments. 6. Healthcare Cost Reduction: Access to parks and green spaces promotes physical activity and overall well-being. When residents engage in outdoor activities, it can lead to reduced healthcare costs for the community, as physical activity helps prevent chronic diseases. 7. Event Hosting: Exceptional parks are often used as venues for various events, such as festivals, concerts, and sports tournaments. These events attract attendees, vendors, and participants, generating economic activity in terms of ticket sales, concessions, and more. 8. Community Cohesion: Well-designed parks serve as social gathering spaces, fostering community engagement and interaction. This sense of community can lead to increased volunteerism, community initiatives, and support for local businesses. 9. Increased Tax Revenue: A vibrant local economy generated by parks and recreation activities can lead to increased tax revenue for municipalities. This additional revenue can be used to fund public services and improvements. 10. Economic Multiplier Effect: The economic benefits of parks can create a multiplier effect, where initial spending in the local economy ripples through various sectors, generating additional economic activity and income. Numerous academic studies, industry reports, and case studies have explored these economic impacts in various contexts. It's important to note that the specific economic benefits of parks can vary depending on factors such as park size, location, management, and the demographics of the local population. As a result, research findings may differ based on the specific circumstances of each study area. References (in no particular order): 1. Comprehensive and National Studies - Measuring the Economic Value of a City Park System - The Trust for Public Land 2. Review of the impact of urban parks and green spaces on residence prices in the environmental health context 3. The Economic Impact of Parks - An Examination of the Economic Impacts of Operations and Capital Spending by Local Park and Recreation Agencies on the U.S. Economy by The National Recreational Park Association 4. How Cities Use Parks to Promote Tourism - CITY PARKS FORUM BRIEFING PAPERS 5. How Cities Use Parks to Create Safer Neighborhoods - CITY PARKS FORUM BRIEFING PAPERS 6. Measuring the Economic Impact of Park and Recreation Services – John L. Crompton 7. The Economic Impact of Events – Includes a toolkit for measuring the economic impact of events in your community 8. Importance of Incorporating Local Culture into Community Development - Pennsylvania State University extension program 9. Diversity, Equity and Inclusion in Parks - Planning, Programming and Staffing to Better Serve All Residents 10. *Effects of Crime Type and Location on Park Use Behavior (CDC) * This reference serves as a cautionary tale highlighting the relationship between crime and the fear of crime, which can act as a deterrent to park usage. While the study underscores the significance of well-designed and properly maintained green spaces in residential areas for promoting public health, it also underscores the potential for parks that are inadequately secured, policed, maintained, or activated to become hubs of criminal activity. Consequently, such parks are likely to be shunned by local residents.