کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
8849137 | 1618516 | 2018 | 10 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
A socioeconomic analysis of habitat restoration in the Muskegon Lake area of concern
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کلمات کلیدی
موضوعات مرتبط
مهندسی و علوم پایه
علوم زمین و سیارات
علوم زمین و سیاره ای (عمومی)
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چکیده انگلیسی
As part of the 2009 American Recovery and Reinvestment Act (ARRA), a $10 million grant was awarded to restore wetlands and stabilize shoreline along the south shore of Muskegon Lake (MI), a Great Lakes Area of Concern. A socioeconomic analysis was conducted as part of this award, which included a travel cost survey for lake recreation and a hedonic housing valuation to estimate return on investment. The value of a trip to Muskegon Lake was estimated to be $39.76; when applied to the anticipated increase in post-restoration recreational trips to Muskegon Lake, and using a conservative 7% discount rate, the Net Present Value over 20Â years is $38.1 million. The hedonic analysis examined values for houses between 100 and 800Â m from the shoreline, using both the current shoreline distances and the new shoreline distances after restoration; this resulted in a predicted $11.9 million in additional housing value as a result of the improved shoreline features. Summing the hedonic value and travel cost estimates, along with the original $10 million spent, the result is that over 20Â years, the total value generated for the local region is nearly six times the initial ARRA spending. In other words, of the $60 million of value created on the Muskegon Lake restoration, $50 million is increased environmental value over the 20Â year period.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Great Lakes Research - Volume 44, Issue 2, April 2018, Pages 330-339
Journal: Journal of Great Lakes Research - Volume 44, Issue 2, April 2018, Pages 330-339
نویسندگان
Paul Isely, Elaine Sterrett Isely, Carrie Hause, Alan D. Steinman,