Report finds parks return three dollars per dollar invested

A new report shows that every dollar spent on parks and recreation generates three dollars in annual economic benefits for U.S. communities. The findings come from the Trust for Public Land and emphasize health, social and climate advantages as well.

The report states that Americans widely support parks, with 88 percent having visited one in the past year. Support crosses party lines, as nearly 90 percent of Kamala Harris voters and 80 percent of Donald Trump voters view the spaces as critical infrastructure. Will Klein, director of parks research at the Trust for Public Land, noted the broad returns. “You really do get so much goodness out of them,” he said, citing improved health, social connections and business activity for small firms. Physical activity in parks is estimated to save about two thousand dollars per person each year in health care costs. The spaces also raise nearby property values, support tourism and help manage stormwater to reduce flooding expenses. One project cited is the Florida Gulf Coast Trail, expected to generate two hundred million dollars in economic activity in Sarasota County through recreation and tourism.

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New research shows that prescribed burns and other fuel reduction efforts by the U.S. Forest Service deliver strong economic returns by limiting wildfire damage. The study, published in the journal Science, analyzed hundreds of fires in the Western United States. It found that every dollar spent avoided nearly four dollars in health, property, and emissions costs.

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Disney has allocated more than four million dollars toward the development of its Tropical Americas area at Animal Kingdom. The investment covers initial demolition, electrical work, and construction for key features including new rides and play areas. The project forms part of a much larger long-term plan for the Orlando resort.

A new Gallup poll indicates that only 35% of Americans rate the environment as good or excellent, the lowest figure since tracking began in 2001. Majorities express deep concerns over water pollution and climate change. Meanwhile, 57% believe the government is doing too little to protect the environment.

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The Industrial Parks Development Corporation (IPDC) has opened financial services in Special Economic Zones (SEZs) to all banks and highlighted over $1.5 billion in government investment for their development. Fitsum Ketema shared these updates at a half-day consultation workshop on strengthening banking coordination and investor support.

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