Research proves Parks good for economy
3 July 2009
Since the first formal public park was opened, we have always known that on many levels parks deliver a number of public and social goods.
Recent research from Australia and overseas has concluded that parks provide many health and societal benefits as well. Parks Victoria's Healthy Parks Healthy People research provides detailed research and beneficial outcomes that parks provide to the community (read more).
We have also known for some time that parks are an economic generator for the community and the local economy. Take house prices, for instance. In January 2009 the Sydney Morning Herald reported the impact of parks on local house prices (read article) quoting that Centennial Park's proximity added between 10 to 20 per cent to a house price.
Now, in new international research focussing on the new High Line Park in New York City, the true economic impact of a park has been measured.
The research results appeared in an article in the Gotham Gazette, a New York News and Policy newsletter. It reported on the economic and social impacts of the new High Line Park on the depressed areas of New York that the park went through.
Apart from being an engineering and regeneration masterpiece, this new park is certainly paying its way - as do all public parks. See the following photos or visit the website: www.thehighline.org
How the High Line in New York previously looked...
How the High Line Park now looks...
Photos courtesy: www.thehighline.org
Further Information
To find out more information on the Value of Parks, please visit our Parks Forum page for publications and links to further facts and research.






