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The implicit price of urban public parks and greenways: a spatial-contextual approach

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  • Seth B. Payton
  • John R. Ottensmann

Abstract

This paper examines the value residents place on public parks in a mid-sized urban area. The analysis makes a direct contribution to the literature by examining the extent to which spatial and neighbourhood context is related to the house price premium or discount associated with public recreational opportunities, natural resource areas and urban greenways. The analysis shows that the value of public parks and greenways varies across space, neighbourhood context and park type. Community area fixed-effects are included to bolster the findings. The findings indicate that park and greenway investment should be planned and managed contextually in urban areas. Park planners can use these findings to inform public policy debates over park investment and, perhaps, support efforts focused on comprehensive neighbourhood planning.

Suggested Citation

  • Seth B. Payton & John R. Ottensmann, 2015. "The implicit price of urban public parks and greenways: a spatial-contextual approach," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 58(3), pages 495-512, March.
    • Handle: RePEc:taf:jenpmg:v:58:y:2015:i:3:p:495-512
    DOI: 10.1080/09640568.2013.864619
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    References listed on IDEAS

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    1. Haiyun Xu & Fan Fu & Meng Miao, 2022. "What Is the Effect of Cultural Greenway Projects in High-Density Urban Municipalities? Assessing the Public Living Desire near the Cultural Greenway in Central Beijing," IJERPH, MDPI, vol. 19(4), pages 1-15, February.
    2. Qingyun Du & Chao Wu & Xinyue Ye & Fu Ren & Yongjun Lin, 2018. "Evaluating the Effects of Landscape on Housing Prices in Urban China," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 109(4), pages 525-541, September.
    3. Olivia S. Horte & Theodore S. Eisenman, 2020. "Urban Greenways: A Systematic Review and Typology," Land, MDPI, vol. 9(2), pages 1-22, February.
    4. Shanaka Herath, 2021. "Elevating the Value of Urban Location: A Consumer Preference-Based Approach to Valuing Local Amenity Provision," Land, MDPI, vol. 10(11), pages 1-14, November.
    5. Hawkins, Christopher V. & Chia-Yuan, Yu, 2018. "Voter support for environmental bond referenda," Land Use Policy, Elsevier, vol. 76(C), pages 193-200.
    6. Casola, William R. & Peterson, M. Nils & Sills, Erin O. & Pacifici, Krishna & Moorman, Christopher E., 2022. "Economic contributions of wildlife management areas in North Carolina," Forest Policy and Economics, Elsevier, vol. 140(C).
    7. Seung Kyum Kim & Longfeng Wu, 2022. "Do the characteristics of new green space contribute to gentrification?," Urban Studies, Urban Studies Journal Limited, vol. 59(2), pages 360-380, February.

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