Posts Tagged ‘economic benefits of conservation’

Profits from recreation and the Land and Water Conservation Fund

August 9, 2010

Near the Appalachian Trail, ME - Photo: Jerry and Marcy Monkman

Outdoor retailers met in Salt Lake City last week, and Paul Foy of the Associated Press was there. His piece on how the outdoor industry is thriving during the recession was picked up by The New York Times and other newspapers nationwide. (I stopped counting at a dozen citations.)

The industry was spooked last year when the economy tanked, but it held its own and is rebounding fast. The recession hardly nicked it — sales were down 2 percent in 2009 but are rising at a rate of 6 percent, said Frank Hugelmeyer, president and CEO of the Outdoor Industry Association.

It helps that buyers of nearly $50 billion worth of outdoor gear are, by and large, discriminating, and that many brands like The North Face or Mountain Hardwear have moved into the fashion mainstream.

People are looking to outdoor recreation because it’s cheap, executives said. But there’s money in the business. It supports 6.5 million U.S. jobs. Together with $243 billion in recreational services and money changing hands, the industry has taken to calling itself a $730 billion enterprise — the better to sell politicians on things like the Land and Water Conservation Fund.

Even in Washington, $730 billion is a respectable number, especially compared with $900 million, the Congressionally authorized funding level for the Land and Water Conservation Fund (LWCF).  In most years, the authorization is an empty promise, with only a small fraction of that amount actually appropriated.

For months, a coalition of conservation groups, with TPL is a leading role, has been working to make the $900-million-per-year authorization a guaranteed yearly appropriation. The House included the guarantee in the recently passed oil spill legislation. The Senate will take up the bill when it returns from recess.

“The industry regards the Land and Water Conservation Fund as its salvation, helping keep people interested in the outdoors,” Foy writes.

Some folks remain hard to convince that conservation is an investment and not a cost—that it can pour money into communities and industries. A conservation funding bill is also a jobs bill and an economic stimulus bill. If you have any influence in Washington—and all of us do to some extent—you might mention that to someone who gets a vote on the measure.

You will find more information on the economic benefits of parks and open space and the federal Land and Water Conservation Fund on TPL’s website.

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Conservation finance links, 6/1

June 1, 2010

Twice each month TPL’s Conservation Finance service publishes links to conservation finance stories from around the nation.

Economic Benefits
New report assesses the economic benefits of open space, recreation facilities and walkable community design

Arizona
Prescott poised to reduce open space spending

Colorado
Larimer County looking at new funding options for open space

Connecticut
Residents and conservationists clash with Greenwich Assessor over easements

New Jersey
Concern mounts over potential cuts to Payment in Lieu of Taxes program

New York
Governor introduces bill to reopen state parks using some EPF money

Another one of this topic

Ohio
Butler County takes first steps towards November parks millage

Pennsylvania
Conservationists urge Chester County Commissioners not to cut open space funding

Rhode Island
Director of DEM says potential $10M bond is enough to purchase priority areas

Virginia
Fairfax County Park Authority looking at fiscal crisis on the horizon

Washington
King County facing possibility of open space funding cuts

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Easements a bargain for Colorado

February 3, 2010

Wet Mountain Valley, Colorado - Photo: Bill Gillette

Almost without fail, TPL research and publishing on the economic benefits of conservation attracts a flurry of media attention.  The most recent example comes from Colorado, where a study released Monday estimates that every $1 Colorado invests in  conservation easements returns $6 to the state in economic benefits in the form of  water-supply protection, flood control, waste treatment, production from farms and ranches, and recreation. Funds invested: $512 million between 1995 and 2008.  Return on investment $3.51 billion.  Pretty good return.

From Business Week:

Jessica Sargent-Michaud, an economist with the national Trust for Public Land, said she used geographic data to group Colorado’s conservation easements into 16 distinct ecosystems. She then assigned the land a per-acre dollar value based on figures used in about 10 published studies and consultations with state agriculture extension agents.

Examples include the premiums people pay to live next to open space, costs of cleaning up polluted water or money spent on recreation and tourism.

The Colorado Coalition of Land Trusts estimates that 1.7 million acres are protected from development by 3,900 easements in the state.  This includes ranch land protected by TPL in the Wet Mountain Valley, above, and elsewhere in Colorado.

TPL’s study last year  showing that New Jersey gains $10 in benefits from every $1 invested in conservation helped convinced the New Jersey legislature to put an ultimately successful conservation funding measure on the ballot.  In this instance, also, there is a political context.  From the Denver Business Journal:

Under current law, taxpayers are allowed to claim a state income-tax credit for donating a conservation easement. The credit is equal to 50 percent of the fair market value of the easement, with a cap of $375,000 per easement.

The conservation tax credits are one of the items on the chopping block as Colorado legislators and Gov. Bill Ritter struggle to cut the state’s budget. A bill introduced in the House on Jan. 22 would cap the amount of tax credits that could be claimed at $26 million a year for three years — 2011, 2012 and 2013 — which would funnel more money into the state’s general fund.

But this would divert a huge conservation investment that is paying the state back many times over.

Other studies and publications on the economic benefits of parks and conservation can be found in the Parks Benefits section of TPL’s website.

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