Introduction Initially the question of the affects of parks and their various attributes on real estate value may seem an absurd question for an Economic Developer to think about. However, the value of real estate is of prime importance to the community and the Economic Developer due to the nature of land as an appreciating commodity. Therefore it is necessary that we study the possibility that real estate and land values could be modified by the a park. By understanding the consequences of these uses of land can be an effective strategy for passive Economic Development. Rather than making direct improvements to each parcel we change land uses near real estate clusters to change the values of many properties at once. In order to better understand the impact that a park can have on a community it is necessary to understand the nature of parks, the attributes that contribute to their impact as well as how we might utilize this knowledge to create a strategy for Economic Development. First I will define parks as they pertain to this discussion and specific land uses that qualify for study as a park. Second I will review the available literature on the impact of parks and categorize these studies based on the attributes studied and the area of effect that was established the studies. Following the literature review we will critically discuss the effects and their implications for economic development. I will then conclude by discussing areas for further study and possibly policies for utilizing the park impact in as a means to economic development. The term park can be used to define a variety of spaces in our society. The term park relative to this discussion is defined as a public space containing amenities for public usage ... ... middle of paper ... ... compliance with municipal and federal regulations concerning the SAD such that the legal requirements of providing a benefit are met. Overall the number of options available to an economic developer wanting to utilize the park based strategy for economic development will have a limited number of options in pursuing funding for a park project. Due to our limited understanding of the real impacts of parks beyond a simple good or bad will severely limit the ability of an economic developer to justify such a project. Therefore it is necessary to build adequate support for a park by either educating the public and the municipality of the intended benefits that are possible or the park project must be justified for other reasons not pertaining to increased real estate values. When other reasons are used to justify the project funding options become even more limited.
Because of the amount of overdeveloped areas that are now vacant, the desire to renovate old vacant properties and land plots has all but disappeared. What if there was a beneficial solution to unused land plots in need of rehab and redesign? What if, instead of paving over every leftover inch of grass and dirt in urban areas to make room for more parking for our daily commuting polluters, we instead reinvent that land for a purpose that is both beneficial to our
The creation of the computer and the Internet has significantly furthered and revolutionized Parks and Recreation Districts across the country. Parks and Recreation Management is a profession that has been able to prosper with the Internet and personal computers today. Recreation in the present day is becoming especially popular due to a general decrease in working hours because of the economy. With many people having more free time, more demands are put on the Parks and Recreation districts. Also with the many national, state, and private parks in the United States, it is crucial for the park systems to have a systematic approach to dealing with these new demands. The computer and Internet has become the answer to this problem.
Since its creation in 1916, the National Park Service (NPS) has had to balance between its two goals, which are to preserve wilderness and nature and to provide the public with access to these wonders in a monitored environment. These two goals tend to create a conflict for the NPS because as soon as one goal is given more priority than the other, the administration of national parks is harshly criticized by the public. The accusation that by allowing people to experience the wilderness, the NPS is corrupting the natural environment is very common, as well, as the criticism towards the lack of government funding to preserve nature and history. However, regardless of arguable criticism and a certain need for improvement, after one hundred years,
In conclusion, brownfield redevelopment supports the continual goal of sustainability through utilization, incorporation, preservation and remediation. For instance, brownfield sites offer developers a chance to utilize the existing infrastructure, which lowers municipal costs. Additionally, developers can incorporate ancient and modern technologies that create more efficient buildings thus reducing energy use. Moreover, with opportunities to grow within cities, there is less pressure to develop greenfields. Furthermore, through the required process of remediation, environmental hazards are removed or prevented. Overall, brownfield redevelopment saves money, reduces energy usage, protects greenfields and removes critical dangers to the surrounding environment thus moving towards a more sustainable society.
1. What is the ECONOMIC impact of this project on the surrounding community and the National Park? List and explain two benefits and two concerns. Support your answer with examples. BENEFITS 1)
The great park’s creator Olmsted, who “made a central concern of his career how to retain proximity with nature in what was swiftly becoming a nation of cities” (p. 11-12), designed the park in 1858 with Calvert Vaux in hopes to eliminate the “‘social failures:’ the swelling ranks of criminals and prostitutes, of the alcoholic, insane, diseased, and the poor” (p. 11-12), but was futile instead. After the “rural retreat” (p. 12) of Central Park was completed by the predominantly Irish immigrant workforce -- intending for the park to be service to all to escape the urban lifestyle -- few were able to go. Averaging approximately 30,000 visitors a day for a total of 10 million in 1871, the park catered largely to uptown, wealthy inhabitants. The park was too expensive for the non-prosperous classes to travel from downtown, far from their work, to enjoy the
In the case study, CEO Eisner have idea of American history theme park within area of battlefield in Prince William County, Virginia. Eisner’s idea of building historical theme over property that already made its mark within American would be redundant. Disney’s conceptual plan was to use 650 million and authorized $130 million in local roads to serve it (Argenti, 2013, p.234). The first vulnerable would be the public opinion for and against the proposal land usage. When news first come out of a theme park being place near DC there was fifty anti-Disney rallied in protest while several hundred children was dressed to simulate as 101 Dalmatians in ...
If there was a dog park, property values would most definitely go up. The community should try to make every resident happy where they live. Some cat owners don't feel dog owners should be able to get a dog park since they themselves are not asking for a place to bring their cats. Cats are more of indoor animals and they don't need as much attention and exercise as dogs. Cats don't need wide open spaces to play around in. People feel as though they are being treated unfairly due to the lack of yard space and areas for their pets to roam around
Residential, commercial and industrial development is the largest contributors to landscape change in the state of New Jersey. When buildout occurs in one region, development pressure begins in another, virtually insuring the Megalopolis concept of one huge urban corridor stretching between Boston and Washington D.C. Year after year, farmland dwindles, roads become congested, and more residents are left to compete for diminishing natural resources. Desperate measures and newer technologies are incorporated to replace poor planning and lack of vision on behalf of decision-makers caught between competing interests. When the long term health and wellbeing of the established population and the short term gain of a limited number of people compete for vital natural resources there should be no question who's interests should prevail.
Before the revenue brought into the state from these national parks made most of the money for the state as a whole, but considering the visiting rates for all of these parks have significantly lowered, their is no benefit to keeping them anymore. Allowing companies to work on the parks would bring more jobs to the state, and in so bring more money, other than the parks just costing money due to maintenance. An article called “Americans Think National Parks Are Worth Way More than We Spend on Them” by Linda J. Bilems and John Loomis, has priced the national parks in the US at about ninety two billion dollars. Shown here “ Our results showed that Americans put a total value of $92 billion per year on our national parks, monuments, seashores and recreation areas.” (Bilmes and Loomis).
Glenn, Stacia. "Youths Push for New Park." Student Research Center. N.p., 22 Aug. 2006. Web. 6 Dec. 2013.
“… It is apparent, then, that we cannot decide the question of development versus preservation by a simple referral to holy writ or an attempt to guess the intention of the founding fathers; we must make up our own minds and decide for ourselves what the national parks should be and what purpose they should serve.”-Edward Abbey, Desert Solitaire
This mid to late-19th century account of an early Victorian (English) public park illustrates the change of function and transformation of the Victorian public park from its original role as an upper-middle class observatory of Nature to its redefinition as this class' s social observatory of the lower classes. Between the years of 1840 and 1860, the public park's role in the eyes of England' s upper crust changed drastically due to the economic and political structure of Victorian England during this time and J.M. Milton's quote reflects this reality.
Millennium Park doesn't just take from the city of Chicago, it also gives back. It holds over 500 free events every year. The Jay Pritzker Pavilion concerts are free on the lawn of the park, specialty membership seats in the Pavilion rage from $25-$85, bringing in revenue for the park and the artists. The Park brings in additional revenue for Chicago in a variety of ways. Not only does it encourage people to use public transportation like the Metra for events in the Park, but it also draws people to nearby attractions such as The Art Institute of Chicago's new Modern Wing, which is conveniently located right next to the Park’s famous Lurie Garden. The BP Pedestrian Bridge links Millennium park to the new Maggie Daley Park, which attracts tourists to both locations. Revenue from private events in the Park brings in additional funds. In 2013 alone, private events in Millennium Park brought in $637,000. In addition to bringing people to other city ventures and resources, Millennium Park certainly brings in attraction to new real estate business. A simple condominium with views of Millennium Park was estimated to cost 29% more than neighbouring reality. Just in the last four years, ten new condominium projects, containing 3,600 units, are being constructed along the
Valuation of real estates or properties basically, refers to appraising a property or a real estate to form an opinion about the value of the property. This value is normally the properties’ market value. Properties are heterogeneous in nature; meaning they are not all identical or alike and thus, they have different values. However, it is possible to get a range for the values. There are some obvious factors like physical location of a property that automatically makes the market value of different properties differ. The materials used on a property and other features also contribute to making property differ in their value. Other factors such as the physical size of a property still determine a property’s market value (Histon Fine Homes, 2008