Studies show more ways that parks contribute to local economies and tax revenues
Many people think of parks as an expense - the costs associated with clearing the land, planting trees, installing park benches, mowing the grass, emptying trash receptacles, etc.
What if we reversed that mindset and thought of parks as economic engines instead?
To generate more revenue and taxes, build more parks. Big. Small. Doesn't matter. Just build more. Add more amenities such as artwork, sculptures, picnic tables, trees, grills, playgrounds, band stands, park benches, or even musical instruments. Because parks attract people. And revenue.
Here are 10 reasons why parks should be considered in terms of economic development and as a way to boost an economy.
Why parks have an economic impact Parks increase the value of homes: According to a study in Portland, homes located within 1,500 feet of a park were priced an average of 5% to 20% more than other homes. That means higher tax valuations. Which means