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THE ECONOMIC VALUE OF PROTECTED OPEN SPACE Case Study: Radnor Trail.

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Presentation on theme: "THE ECONOMIC VALUE OF PROTECTED OPEN SPACE Case Study: Radnor Trail."— Presentation transcript:

1 THE ECONOMIC VALUE OF PROTECTED OPEN SPACE Case Study: Radnor Trail

2 THE ECONOMIC VALUE OF PROTECTED OPEN SPACE Recreation Benefits: Built in 2005, Radnor Trail in Radnor Township Delaware County, is a 2.4 mile trail along an abandoned railroad bed “The Trail is probably the most frequently used recreational facility in Radnor Township. Whenever I see people on the Trail, I see people smiling.” Mary Coe, Friends of Radnor Trails Recreation Benefits: - Estimated 150,000 users annually (200 to 600 daily) - Alternative to gyms, roads, and school facilities Radnor Trail

3 THE ECONOMIC VALUE OF PROTECTED OPEN SPACE Radnor Trail Property Values - Average property increase of $69,139 within a quarter mile - Referenced as an amenity in real estate listings Revenue Generation - Increased customer base for local businesses alon trail - Revenues contributed to park and program expansion


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