{"id":184,"date":"2015-05-07T00:00:00","date_gmt":"2015-05-07T04:00:00","guid":{"rendered":"http:\/\/riverlifepgh.org\/?p=184"},"modified":"2015-05-07T00:00:00","modified_gmt":"2015-05-07T04:00:00","slug":"public-parks-along-the-rivers-equal-lots-of-green-for-pittsburgh","status":"publish","type":"post","link":"https:\/\/lucid-heisenberg.31-170-165-113.plesk.page\/index.php\/2015\/05\/07\/public-parks-along-the-rivers-equal-lots-of-green-for-pittsburgh\/","title":{"rendered":"Public parks along the rivers equal lots of green for Pittsburgh"},"content":{"rendered":"<div class=\"nodeContent\">\n<h2>Read Riverlife&#8217;s Three Rivers Park economic impact analysis<\/h2>\n<p><strong><img decoding=\"async\" style=\"width: 250px; height: 250px; border-width: 0px; border-style: solid; float: left;\" src=\"\/wp-content\/uploads\/old_images\/Three-Rivers-Park-Economic-Impact-Analysis_Riverlife-medium.jpg\" alt=\"\" \/><br \/>\nDo Pittsburgh&#8217;s parks and trails generate significant economic value?<\/strong> Riverlife contracted <a href=\"http:\/\/www.sasaki.com\/\">Sasaki Associates<\/a> to use a rigorous and quantifiable approach to answer this question by analyzing the economic benefits of Three Rivers Park in Pittsburgh.<\/p>\n<p><a href=\"\/riverfront-projects\/\"><br \/>\nThree Rivers Park<\/a> is Pittsburgh\u2019s 13-mile interconnected downtownriverfront park system. The Three Rivers Park Economic Impact Analysis summarizes key findings and makes a meaningful link between investments in park infrastructure along Pittsburgh\u2019s riverfront and the ability to catalyze development, increase property value, and maximize other community benefits within neighboring zones.<\/p>\n<p>Some of the chief findings include:<\/p>\n<ul>\n<li>$129 million invested in Three Rivers Park over the past 15 years has helped to catalyze nearly $2.6 billion in riverfront development activity and nearly $4.1 billion in total riverfront and adjacent development. Just analyzing the $2.6 billion riverfront yield, the ratio between park investment and riverfront development is 20:1.<\/li>\n<\/ul>\n<ul>\n<li>This 20:1 yield is the high end of what has been achieved in comparable cities, and speaks to the strong success that has been accomplished along Pittsburgh\u2019s waterfront.<\/li>\n<\/ul>\n<div>\n<ul>\n<li>Studying changes in property value since 2001, the data shows a 60% property value increase within the vicinity of riverfront investment projects compared with a 32% property value increase citywide outside the riverfront zone of influence (ZOI). The pattern in Pittsburgh and in other cities across the country is clear: properties with close proximity to high quality park infrastructure increase in value more than properties that do not.<\/li>\n<\/ul>\n<ul>\n<li>The area with the highest property value increase in the area around the South Side Works.\u00a0 From the Birmingham Bridge to the Hot Metal Bridge and back past Carson Street, a new riverfront neighborhood has developed and property values have increased on average by 117%.<\/li>\n<\/ul>\n<p><strong><a href=\"\/wp-content\/uploads\/old_images\/Three Rivers Park Economic Impact Analysis_Riverlife Pittsburgh_Digital.pdf\">Download a PDF version of the entire report here.<\/a><\/strong><\/p>\n<p><strong><a href=\"\/wp-content\/uploads\/old_images\/Three Rivers Park Economic Impact Analysis_Riverlife Pittsburgh_Digital.pdf\"><img decoding=\"async\" style=\"width: 550px; height: 425px; border-width: 0px; border-style: solid; float: left;\" src=\"\/wp-content\/uploads\/old_images\/Three-Rivers-Park-Economic-Impact-Analysis_Riverlife-Pittsburgh_Digital-8.jpg\" alt=\"Three Rivers Park Past Success\" \/><\/a><\/strong><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Read Riverlife&#8217;s Three Rivers Park economic impact analysis Do Pittsburgh&#8217;s parks and trails generate significant economic value? Riverlife contracted Sasaki Associates to use a rigorous and quantifiable approach to answer this question by analyzing the economic benefits of Three Rivers Park in Pittsburgh. Three Rivers Park is Pittsburgh\u2019s 13-mile interconnected downtownriverfront park system. The Three [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[14],"tags":[],"class_list":["post-184","post","type-post","status-publish","format-standard","hentry","category-blog"],"acf":[],"_links":{"self":[{"href":"https:\/\/lucid-heisenberg.31-170-165-113.plesk.page\/index.php\/wp-json\/wp\/v2\/posts\/184","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lucid-heisenberg.31-170-165-113.plesk.page\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lucid-heisenberg.31-170-165-113.plesk.page\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lucid-heisenberg.31-170-165-113.plesk.page\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lucid-heisenberg.31-170-165-113.plesk.page\/index.php\/wp-json\/wp\/v2\/comments?post=184"}],"version-history":[{"count":0,"href":"https:\/\/lucid-heisenberg.31-170-165-113.plesk.page\/index.php\/wp-json\/wp\/v2\/posts\/184\/revisions"}],"wp:attachment":[{"href":"https:\/\/lucid-heisenberg.31-170-165-113.plesk.page\/index.php\/wp-json\/wp\/v2\/media?parent=184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lucid-heisenberg.31-170-165-113.plesk.page\/index.php\/wp-json\/wp\/v2\/categories?post=184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lucid-heisenberg.31-170-165-113.plesk.page\/index.php\/wp-json\/wp\/v2\/tags?post=184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}