FYI – The value of open space

By on 11/20/2010 in Uncategorized

In Philadelphia, a report finds that open space

  • Increases homeowners’ property values by an average of $10,000;
  • Supports nearly 7,000 jobs and generates $271 million in annual salaries and $30 million in state and local tax revenue;
  • Generates more than $566 million in annual spending;
  • Saves businesses $500 million in workers’ compensation and costs related to lost productivity;
  • Spares local governments and utilities more than $132 million a year in costs associated with environmental services such as flood control and drinking-water filtration, and,
  • Helps open-space users avoid $795 million in medical expenses and businesses avoid $485 million in lost-productivity costs.

More here. [Via JJT]

http://www.philly.com/philly/business/homepage/20101117_Study_finds_open_space_a_tangible_benefit.html