THE ECONOMIC VALUE OF PROTECTED OPEN SPACE Case Study: Radnor Trail.

THE ECONOMIC VALUE OF PROTECTED OPEN SPACE

Case Study: Radnor Trail

THE ECONOMIC VALUE OF PROTECTED OPEN SPACE

Built in 2005, Radnor Trail in Radnor Township Delaware County, is a 2.4 mile trail along an abandoned railroad bed

“The Trail is probably the most frequently used recreational facility in Radnor Township. Whenever I see people on the Trail, I see people smiling.” Mary Coe, Friends of Radnor Trails

Recreation Benefits:Recreation Benefits:- Estimated 150,000 users annually (200 to 600 daily)- Alternative to gyms, roads, and school facilities

Radnor Trail

THE ECONOMIC VALUE OF PROTECTED OPEN SPACE

Radnor Trail

Property Values

- Average property increase of $69,139 within a quarter mile

- Referenced as an amenity in real estate listings

Revenue Generation

- Increased customer base for local businesses alon trail

- Revenues contributed to park and program expansion