Have you ever wondered about the economic value of green space in Delaware County? What’s the economic benefit of investing in preservation over development? Does access to green space and trails increase my property value, and if so, by how much? Do green spaces and trail access drive economic activity and tourism to Delco? And what’s the economic benefit to public health?
With many competing needs and limited resources, justifying public spending has never been more rigorous. Research tells us that investing in green spaces, trails, and recreation improves all aspects of community wellness and provides excellent economic returns, but we also know that the impact on Boulder Colorado is certainly going to be different from the impact on Ridley Park, Pennsylvania. To better understand how these investments specifically impact Delco, the County is embarking on a grant funded study with the Delaware Valley Regional Planning Commission to get the full story as it applies to Delaware County. By the end of 2021, the County will be publishing a Return on Environment Report on the Economic Value of Green Space. It will include an outline of the history of green space in Delaware County, the County’s vision for the future, and four case studies demonstrating the economic value of green space in the County’s diverse communities, using data provided through the Delaware Valley Regional Planning Commission.
This study is inspired by a 2011 study developed for the greater Philadelphia five-county region and Chester County’s study completed in 2019.