Wildlife refuges near urban areas, boost property values…a lot…like $300 million
(2012) An important feature of the analysis is that we recognize that it is more likely that national wildlife refuges (NWRs) will have an impact if they are located near housing markets where open space is relatively scarce, e.g., in urbanized areas or at the urban fringe. Given this hypothesis, we focus our attention on the 93 NWRs in the lower-48 States whose boundary is within two miles of the boundary of an urbanized area with population greater than 50,000. In the Southeast, each national wildlife refuge added on average $8.7 million to property values. The 36 refuges studied added $300 million.