Trails and greenways impact our economy through Tourism, Events, Urban redevelopment, Community improvement, Property values, Health care costs, Jobs and investment, and General consumer spending.
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posted Mar 13, 2018
What determines the price of real estate? Location. Location.
Craig Della Penna
The results show that houses near the trail sell for a higher proportion of the asking price and in about half the time that it took for houses in the general inventory.
Effective responses to arguments against trail development.
Three common concerns of trail opposition: crime will go up, property values will go down, liability and lawsuits.
The Ontario Trails Strategy is a long-term plan that establishes strategic directions for planning, managing, promoting and using trails in Ontario.
Visitors and supporters often ask how the Longleaf Trace has affected the economies of the towns along the Trace.
This study examines the value of public investment in bicycle facilities.
The Shannon Region Trails Programme is a Shannon Development-led initiative which aims to establish the Shannon Region as a world-class destination for walking, cycling, water-based and other outdoor activity pursuits during the period 2007-2010.
The study found that the Little Miami Scenic Trail positively impacts single-family residential property values, with sale prices increasing by $7.05 for every foot closer a property is located to the trail.
Economic impact extends not only to the actual trail user but to businesses that derive an income from users of the trail.
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