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Beautiful City – Healthy Bottom LineHow a Community’s Design & Aesthetics Impact the Local Economy
May 30, 2013 Costa Mesa HiltonKen Ryan4th Annual City Infrastructure Summit
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in·fra·struc·ture [in-fruh-struhk-cher]basic physical and organizational structures needed for the operation of a society or enterprise.
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“If you only design menus that are essentially junk or fast food, the whole infrastructure supports junk”
- Jamie Oliver
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Trees - Property Value Increase
Source: Arborist News / International Society of Arboriculture
Yard & Street Trees
Tree Retention in Development
0 5 10 15 20 25 30 35 40
18% Building lots with mature tree cover22% Tree-covered undeveloped acreage19-35% Lots bordering suburban wooded preserves37% Open land that is two thirds wooded
2% Mature yard trees3-5% Trees in front yard landscaping6-9% Good tree cover in a neighbor-hood10-15% mature trees in high-income neighborhoods
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Trees - Property Value Increase
Source: Arborist News / International Society of Arboriculture
Retail & Commercial
Parks & Open Space
0 5 10 15 20 25 30 35
7% Rental rates for commercial of-fices having quality landscaping9-12% Increased spending in forested business districts23% homes within ¼ mile of “excel-lent” commercial corridor
10% Inner-city home within ¼ mile of a park10% House 2-3 blocks from heavily active recreation park17% Home near cleaned-up vacant lot20% Home adjacent/fronting passive park32% residential development adjacent to greenbelts
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Aesthetic ValueView
SpeciesMaturity
SizeLocation
DesignFunction
> 5 - 15%
Source: Urban Forestry Network
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Landscape Impact
Source: The Appraisal Institute / 23,000 Professionals / 60 Countries Worldwide
• Added resale value• Community / Neighborhood upside• Hardscape & softscape equally valuable• Sales expedited • Energy efficient cost saving• Safety considerations
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Beautiful City – Healthy Bottom LineHow a Community’s Design & Aesthetics Impact the Local Economy
May 30, 2013 Costa Mesa HiltonKen Ryan4th Annual City Infrastructure Summit