Report Estimates Economic Value of Philadelphia's Park System

A report announced by Mayor Michael Nutter estimates that Philadelphia's park system has a combined economic value of $1.9 billion in services, income and taxes to the city.

2 minute read

June 12, 2008, 8:00 AM PDT

By drstockman


A report by a national expert on urban parks quantifies the economic value of Philadelphia's park system in terms of pollution control, property values, health, tourism and community cohesion. It also puts a price on all the services the parks provide that residents would otherwise pay for. The study, by the Center for City Park Excellence of the Trust for Public Land, was the kind of exercise Mayor Michael Nutter embraces. Nutter is looking for more public-private partnerships to invest in both parks and recreation. The $1.9 billion value "gets you into more of a business kind of conversation," Nutter said. "This document backs up what many of us have talked about for a long period of time, but then puts it in black and white," Nutter added.

Peter Harnik, director of the Center for City Park Excellence, said the document also provides a baseline that can be revisited in future years to see if investment in the parks reaps dividends. Harnik divided the benefits into these four categories: Citizen cost savings (free recreation and services, increased health): $1.1 billion; Increased citizen wealth (property values, tourist business): $729.1 million; Tax revenue (from tourism and increased property values): $23.3 million. Government cost savings (stormwater management, air pollution control, time and money donated by volunteers): $16.1 million. "We think this is a huge, major enterprise," Harnik said. "We hope that these numbers and similar numbers that we generate for other cities around the country will help continue to revive, build and strengthen the city parks movement throughout the whole country."

Tuesday, June 10, 2008 in The Philadelphia Inquirer

portrait of professional woman

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

Cover CM Credits, Earn Certificates, Push Your Career Forward

Logo for Planetizen Federal Action Tracker with black and white image of U.S. Capitol with water ripple overlay.

Planetizen Federal Action Tracker

A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

July 16, 2025 - Diana Ionescu

Green vintage Chicago streetcar from the 1940s parked at the Illinois Railroad Museum in 1988.

Chicago’s Ghost Rails

Just beneath the surface of the modern city lie the remnants of its expansive early 20th-century streetcar system.

July 13, 2025 - WTTV

Blue and silver Amtrak train with vibrant green and yellow foliage in background.

Amtrak Cutting Jobs, Funding to High-Speed Rail

The agency plans to cut 10 percent of its workforce and has confirmed it will not fund new high-speed rail projects.

July 14, 2025 - Smart Cities Dive

Worker in yellow safety vest and hard hat looks up at servers in data center.

Ohio Forces Data Centers to Prepay for Power

Utilities are calling on states to hold data center operators responsible for new energy demands to prevent leaving consumers on the hook for their bills.

July 18 - Inside Climate News

Former MARTA CEO Collie Greenwood standing in front of MARTA HQ with blurred MARTA sign visible in background.

MARTA CEO Steps Down Amid Citizenship Concerns

MARTA’s board announced Thursday that its chief, who is from Canada, is resigning due to questions about his immigration status.

July 18 - WABE

Rendering of proposed protected bikeway in Santa Clara, California.

Silicon Valley ‘Bike Superhighway’ Awarded $14M State Grant

A Caltrans grant brings the 10-mile Central Bikeway project connecting Santa Clara and East San Jose closer to fruition.

July 17 - San José Spotlight