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

UNYPA
September 29, 2016 | NPR · There’s a talent competition. A tiara for the winner. And a chance for people with HIV to speak out despite the stigma they face.
 

AFP/Getty Images
September 29, 2016 | NPR · A new rule is the most significant overhaul of federal funding regulations for nursing homes in more than two decades. It also requires “nourishing, palatable” food and infection-control plans.
 

Zume Pizza
September 29, 2016 | NPR · A Silicon Valley start-up wants to use technology to solve the pizza paradox. It’s a food that’s meant to be delivered, but never tastes quite as good upon arrival.
 

Arts & Life

HBO
September 29, 2016 | FA · HBO’s latest series is a high-tech theme park, whose visitors get to live out their wildest dreams of being in the Old West. Critic John Powers calls Westworld an “unexpectedly resonant show.”
 

September 29, 2016 | NPR · Steven Price’s hefty new novel stars William Pinkerton, whose father founded the famous detective agency that bears his name, plus a colorful cast of Victorian ne’er-do-wells. And a severed head.
 

Netflix
September 29, 2016 | NPR · Cheo Coker was a well-respected journalist chronicling hip hop and pop before he moved to film and TV. His latest gig is as showrunner on Marvel’s highly anticipated black superhero series, Luke Cage.
 

Music

Courtesy of the artist.
September 29, 2016 | NPR · The latest album by musician Roberto Lange mixes his unmistakable keyboard sounds with stripped-down dance beats and lyrics waiting to be assigned a narrative from your own life.
 

Courtesy of the artist
September 29, 2016 | NPR · A three-disc set, due out Dec. 2, features highlights from her 2014 concert series at London’s Hammersmith Apollo theater. It was her first set of live performances in 35 years.
 

KCRW
September 29, 2016 | KCRW · The song is from the jazz and pop singer-songwriter’s new album, Day Breaks. Here, Jones and her band play it live at KCRW.
 

Get the KRCC iPhone App

The Writer's Almanac

Radiolab