The Trust for Public Land’s Center for City Park Excellence released a report placing the value of San Francisco's park system at $959 million.
According to a post by Aneglina Horn, a report by The Trust for Public Land’s Center for City Park Excellence in partnership with the San Francisco Parks Alliance places of the value of the San Francisco park system just shy of $1 billion.
The report takes a holistic view on the value of the park system to its residents: "Seven major factors are analyzed and enumerated in the report: property value attributable to parks, revenues from park-related tourism, the value citizens derive from direct use of free or very low cost park resources (called “direct use”), health benefits resulting from active recreation in parks, community cohesion from gathering together in parks, clean water and clean air."
The post, which is really a press release posted on the city parks blog, includes soundbites from San Francisco Mayor Ed Lee and Matt O’Grady, chief executive officer of the San Francisco Parks Alliance.
Read the full story: Economic Value of San Francisco Parks Approaches $1 Billion Annually
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