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Parks and open space contribute to increasing nearby property values. This review of numerous studies indicates that a 20% increase is a reasonable estimate, though the impact varies with park size, use, and design.

Crompton, John L. (2005). The impact of parks on property values: Empirical evidence from the past two decades in the United States. Managing Leisure, 10, 203-218.

Topics

Property values, Revitalization

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