{"id":678,"date":"2016-01-01T11:47:27","date_gmt":"2016-01-01T16:47:27","guid":{"rendered":"http:\/\/riverlifepgh.org\/?p=678"},"modified":"2016-01-01T11:47:27","modified_gmt":"2016-01-01T16:47:27","slug":"public-riverfront-parks-equal-lots-green-pittsburgh","status":"publish","type":"post","link":"https:\/\/lucid-heisenberg.31-170-165-113.plesk.page\/index.php\/2016\/01\/01\/public-riverfront-parks-equal-lots-green-pittsburgh\/","title":{"rendered":"Public riverfront parks equal lots of green for Pittsburgh"},"content":{"rendered":"<p>[vc_row type=&#8221;in_container&#8221; full_screen_row_position=&#8221;middle&#8221; scene_position=&#8221;center&#8221; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; overlay_strength=&#8221;0.3&#8243;][vc_column column_padding=&#8221;no-extra-padding&#8221; column_padding_position=&#8221;all&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; width=&#8221;1\/1&#8243; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221;][vc_column_text]<strong>Do Pittsburgh&#8217;s parks and trails generate significant economic value?<\/strong> Riverlife contracted Boston-based planning firm <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>Three Rivers Park 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><strong>Some of the chief findings include:<\/strong><\/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<strong>.<\/strong> Just analyzing the $2.6 billion riverfront yield, the ratio between park investment and riverfront development is 20:1. 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<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<li>The area with the highest property value increase in the area around the South Side Works. 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%.<a href=\"http:\/\/riverlifepgh.org\/wp-content\/uploads\/2016\/12\/Three-Rivers-Park-Economic-Impact-Study_8.5x11_Digital.pdf\">Download a PDF version of the entire report here.<\/a><\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[vc_row type=&#8221;in_container&#8221; full_screen_row_position=&#8221;middle&#8221; scene_position=&#8221;center&#8221; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; overlay_strength=&#8221;0.3&#8243;][vc_column column_padding=&#8221;no-extra-padding&#8221; column_padding_position=&#8221;all&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; width=&#8221;1\/1&#8243; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221;][vc_column_text]Do Pittsburgh&#8217;s parks and trails generate significant economic value? Riverlife contracted Boston-based planning firm 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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-678","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/lucid-heisenberg.31-170-165-113.plesk.page\/index.php\/wp-json\/wp\/v2\/posts\/678","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=678"}],"version-history":[{"count":0,"href":"https:\/\/lucid-heisenberg.31-170-165-113.plesk.page\/index.php\/wp-json\/wp\/v2\/posts\/678\/revisions"}],"wp:attachment":[{"href":"https:\/\/lucid-heisenberg.31-170-165-113.plesk.page\/index.php\/wp-json\/wp\/v2\/media?parent=678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lucid-heisenberg.31-170-165-113.plesk.page\/index.php\/wp-json\/wp\/v2\/categories?post=678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lucid-heisenberg.31-170-165-113.plesk.page\/index.php\/wp-json\/wp\/v2\/tags?post=678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}