So the WSJ has an article today out of some research out of New York City on the value of being located near a park: Parks Elevate Office Rents – h/t @otiswhite for catching that.
So just a shout out to a former student who looked at something similar here and quantified the $$ impact on residential land values resulting from the Nine Mile Run Redevelopment. In the most recent PEQ if you didn’t read it (starting on bottom of page 1): Brownfield, Greenfield: A Hedonic Estimation of the Remediation and Redevelopmentof the Slag Heap at Nine Mile Run
What is a great book topic someday would be to try and measure how the value gradient for being located near a river in the region has changed over the last couple decades.
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