[Community_garden] CG and property values
Kristin Faurest
kfaurest at hotmail.com
Sat Jan 12 02:53:18 EST 2008
The NYU paper that Cordalie mentioned about how community gardens increase property values is indeed great, and it's available on the ACGA website at http://www.communitygarden.org/learn/resources/research.php
The study of 636 NYC community gardens shows a statistically significant and increasing over time, positive effect on sales prices of residential properties within a 1000 foot radius of a community garden when compared to properties outside the 1000 foot ring but still with in the same neighborhood. The net tax benefit over a 20 year period to the city is estimated at 647 million dollars or $1 million per garden.
a very good weapon in a noble battle! good luck!
Kristin Faurest
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