Economic Value of San Francisco Parks Approaches $1 Billion Annually by @cityparksblog

San Francisco’s park system plays a particularly outsized role in the City’s economy and is worth almost $1 billion a year, according to a recent report. The report, by The Trust for Public Land’s Center for City Park Excellence in partnership with the San Francisco Parks Alliance, said the value of San Francisco’s parks is $959 million a year . The report incorporates data from San Francisco’s entire park and recreation system: everything from destination icons like Crissy Field and Coit Tower, to trails, natural areas, neighborhoods and community parks, and even hardscape downtown squares. 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 recrea...

Full article: http://sustainablecitiescollective.com/node/1031321

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