Finance for the Field

Park and Recreation Department Assets Are Valuable to Potential Partners

Successful synergy from collaboration requires fusing the complementary resources of the partners in a project that mutually benefits all parties involved.

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The Partnership Imperative: Differentiating the Provision and the Production Decisions

One of the striking characteristics of our field is the plethora of organizations that produce recreation services in the public, commercial and nonprofit sectors.

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Joint Provision Partnerships with Schools

Why are joint provisions a superior alternative to joint-use agreements?

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Creating New Parks in Advance of Development

Understand why forward-thinking measures mean inserting a reimbursement clause in parkland dedication ordinances.

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Capturing Proximate Premiums by Excess Acquisition

In the current environment of a major economic recession and subsequent large decreases in local government funds for parks, the principle of "value capture" to pay for the construction and/or operation of parks is worth revisiting.

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The Role of Parks and Open Spaces in Reducing Taxes

Taking a closer look at the economic costs and benefits of parks and open spaces that have largely been ignored in planning studies in the past.

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The Impact of Proximate Proportion of Park-Like Space and Views on Housing Prices

In addition to proximate distance, there are two other features of parks and open space that influence a property’s value: the proportion of park-like space in the locale and views from a property.

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Implications of the Rise and Decline of Golf

Learn how a consistent annual decline in the number of golf players has affected property values in golf communities and what can be done to help failing courses.

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How Much Does Living Close to a Golf Course Add to Property Values?

Read a review of 21 studies that measured the impact of golf courses on property values and how the impact of golf courses is different from parks.

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The Impact of Trails and Greenways on Property Values

It is a trail’s functionality or activity potential that is likely to confer added value, not the panorama of attractive open space.

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How Much Impact Do Parks Have on Property Values?

An analysis of 33 studies, which measured the impact of distance from a park on the sales price of a residence, reveals six key points.

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Designing Parks to Enhance a Community's Tax Base

Conventional belief states that parks are a costly investment from which a community receives no measurable financial return. However, this perspective overlooks the enhanced property taxes stemming from increased increments of value at properties located close to parks.

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