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New Report Puts Economic Value on Southeast Pa.’s Open Space
When Daniel Thut and his brother-in-law/business partner, Douglas Witmer, first considered the West Philadelphia property that is now the flagship of their small Greenline Cafe coffeehouse chain, they had to look past a lot.
Specifically, past the window frames of the dilapidated former flower shop to something across the intersection of 43d Street and Baltimore Avenue. There sat what eventually convinced the young entrepreneurs that the property was worth sinking more than $300,000 into: Clark Park, nine acres of rare urban green space in what was, at the time, a University City neighborhood transitioning from a high-crime reputation.
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Open Space Pays off
Forget the bluebirds, the bog turtles and the spotted owls. Don’t look for any talk of endangered species, damsel fly larvae or deep discussions of biodiversity. Instead, pick up a report released by the GreenSpace Alliance and the Delaware Valley Regional Planning Commission and what you’ll find is an in-depth discussion of cash — cold hard cash. That’s because the study, as its name suggests, examines “The Economic Value of Protected Open Space.” The study — written by the Economy League of Greater Philadelphia, Econsult Corp. and Keystone Conservation Trust — lays out what you get out of preserving open space.
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Data Supporting Open Space Preservation
Beyond the obvious aesthetic values and benefits to wildlife that preserving open space naturally brings to mind, a study of the economic value of open space preservation released last week puts some hard numbers on the table for number-crunchers.
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Open Spaces Have Positive Financial Impact
VALLEY FORGE — Forget the bluebirds, the bog turtles and the spotted owls. Don’t look for any talk of endangered species, damsel fly larvae or deep discussions of biodiversity. Instead, pick up a report released last week by the GreenSpace Alliance and the Delaware Valley Regional Planning Commission and what you’ll find is an in-depth discussion of cash — cold hard cash. That’s because the study, as its name suggests, examines “The Economic Value of Protected Open Space.”
As was the case during the recent debate over an open space referendum narrowly approved Nov. 2 by East Coventry voters, discussion about open space preservation usually revolves around how much it costs to buy or preserve the land and how much property tax revenue might be lost as a result.
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