Trails and parks are valuable assets that provide critical ecosystem services. Far too often, they are left off the balance sheet in spite of their tremendous value. This past week, residents of Alaska’s Mat-Su Borough recognized the value of their public lands and passed a $22 million bond in support of trails, parks, pools, and ice rinks.
In December, Earth Economics released a new report that found that the benefits of investing in the trails, parks, and open space of Alaska’s Mat-Su Borough return more than $5 for every $1 spent. Now, that same report is being used by Mat-Su Borough Assembly members to negotiate a proposed recreation bond in support of trails.
A new Earth Economics report evaluates the cost-effectiveness of continued dam operations as compared with the benefits of a free-flowing Lower Snake River. Earth Economics’ latest analysis took a look at four dams along the Lower Snake River in Southeast Washington, investigating whether the dams’ benefits outweigh the costs. As they stand, the dams return only $0.15 on every dollar, but a free-flowing Lower Snake River has an estimated $4.30 return for every dollar.