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Economic Impact of Parks PDF Print E-mail
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Thursday, 16 July 2009 13:38

Gotham Gazette - http://www.gothamgazette.com/article/parks/20090624/14/2949

Good Parks Are Good for the Economy
by Anne Schwartz
24 Jun 2009el

By the time the first section of the High Line opened in June to wide acclaim, dozens of new buildings had already sprouted up around it, including a glass-curtained hotel that floats above the park and a series of residential towers designed by world-renowned architects. City officials have predicted that development sparked by reinventing the abandoned elevated rail line as a park will bring $4 billion in private investment and $900 million in revenues to the city over the next 30 years, the Times reported.

Last Updated on Thursday, 16 July 2009 13:45
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