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Consultants say Schenectady parks generate about $15 million a year in economic value
Summary
Saratoga Associates presented a City Parks Economic Impact Report estimating roughly $15 million annually in combined benefits from Schenectady parks, citing property value effects, stormwater savings and visitor spending based on cellphone data and modeling.
Saratoga Associates consultants presented the City Parks Economic Impact Report at the April 7 Schenectady City Council meeting, saying the parks system delivers almost $15 million in annual economic value to the city.
Consultant Mr. McCarthy and colleague Jackson Losarco told the council the study measured four buckets of impact: equity of park access across neighborhoods, environmental benefits (including stormwater savings), property value effects and consumer surplus from visits. “There’s almost 15,000,000 each year in impact that these…
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