Open Space Seattle:2100

Thursday, April 19, 2007

Trees: Providing Lots of $$$ for Benefits

Talk about a good investment. A recent study by New York City researchers has determined that:

"Factoring in the costs associated with planting and upkeep, New York City’s street trees provide an annual benefit of about $122 million, according to the Parks Department. The study concludes that New York receives $5.60 in benefits for every dollar spent on trees."

Extraordinary. Talk about public money well spent . . .

1 Comments:

  • Of course, the study considered how trees increase property values and factored in that trees have the most financial benefit when they are large, mature trees in front of single-family homes. A single tree in front of a house can add thousands to the property value. So, it seems the average value of $5.60 per tree would be largely contributed by trees planted decades ago in front of houses few people can afford to buy.

    By Anonymous Anonymous, at 6:50 PM  

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