Greenways Provide Proven Economic Value

The Trust for Public lands reports that the value of homes bordering a new greenbelt in Boulder, Colorado, increased by 32 percent over properties located 3,200 feet away.  This increase in property taxes was large enough to quickly pay off the bonds that the city required to purchase the open space.  The $150,000 annual increase in proximate property taxes that resulted from the creation of the greenbelt enabled the purchase price of the greenbelt to be paid off in just three years.