Areas like Red Rock Canyon Open Space & Stratton Open Space contribute immeasurably to the quality of life in the Pikes Peak Region. They also play a role in attracting both individuals and businesses to the area. There’s now a growing trend for communities across the country to quantify those values. KRCC’s Michelle Mercer set out to apply some of those tools to see how Colorado Springs measures up.

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

Links to the studies mentioned in this report:

The Economic Benefits of Denver’s Park and Recreation System
Measuring the Economic Value of Land Conservation (Cheyenne, WY)

This piece aired in April’s episode of Western Skies, which you can listen to here.

 

2 Responses to Quantifying the Value of Open Space

  1. Jan McMillan says:

    I am glad to see a continuing effort being made to quantify the economic value of our parks and open spaces as well as wetlands, forests, rivers and streams. Only when people, especially the policy and decision makers, see that these things have monetary value as well as quality of life value will they join the effort to preserve these natural resources. Thank You for your part in adding to this general awareness! Jan

  2. Kate Silz-Carson says:

    As an environmental economist who has been working in the field of non-market valuation (in which we develop techniques to estimate the benefits from environmental amenities), I appreciate the fact that you have chosen to inform the public about this issue. From a technical standpoint, I should add that with GIS software and spatial econometric techniques, it is at least (in principle) possible to separate out the effects of proximity and view on property value, as long as the two are not perfectly correlated. It is also possible to estimate the value of that good feeling you get when strolling through Red Rock Canyon, so sorry to say, it’s not priceless. Colorado is fortunate enough to have some of the leaders in this field at its universities – John Loomis at Colorado State, and Edward Morey and Nicholas Flores at CU Boulder.

News

AP
July 29, 2016 | NPR · We asked women — as young as 4 and as old as 77 — how much the weight of history factored into their decision.
 

NOEL CELIS/AFP/Getty Images
July 29, 2016 | NPR · How do the belief systems, cultural traditions and ideas shape your view of how a woman should exercise her rights? Tell us with the hashtag #FeminismInMyCountry.
 

July 29, 2016 | NPR · Animal activists had teamed up to save a 15-pound lobster, at least 60 years old, from being dinner. They shipped him to a Maine aquarium — but the story doesn’t have a happy ending.
 

Arts & Life

July 29, 2016 | NPR · Now that the national conventions have concluded, NPR TV critic Eric Deggans looks back on both, judging them purely as television programs. Policy aside, did either convention make for compelling TV?
 

July 29, 2016 | NPR · In the film Equity, investment banker Naomi Bishop navigates the male-dominated world of Wall Street. Screenwriter Amy Fox discusses the film and her research, which included many interviews with women who worked on Wall Street.
 

July 29, 2016 | NPR · Actor Jonathan Pryce is playing the Jewish moneylender in a new touring production of The Merchant of Venice that reimagines Shakespeare’s supposedly-comic villain as a tragic and universal figure.
 

Music

WXPN
July 29, 2016 | WXPN · The two Kansans play a mean roadhouse blues. Hear a live performance and conversation.
 

July 29, 2016 | NPR · Ryley Walker, “The Roundabout”
 

July 29, 2016 | NPR · Lydia Loveless, “Out On Love”
 

Get the KRCC iPhone App

The Writer's Almanac

Radiolab