Economic Impact and Importance of Artificial Reefs in Northwest Florida

Economic Impact and Importance of Artificial Reefs in Northwest Florida

Primary Country: United States
Ecosystem: coral reef
Sample Value Estimates:
CS per person per day for diving on ships, reef balls, other structures estimated using contingent valuation
  1. $3.62-4.40 / person / day: for residents
  2. $6.51 - 7.96 / person / day: for visitors
  3. $414 million: Spending by residents and visitors to the five-county area in Northwest Florida on goods and services that were related to the use of artificial reefs in the Gulf of Mexico from 1997 to 1998
  4. $84 million: related employment value
  5. $656 million - 1.168 billion: asset value for artificial reefs off Northwest Florida
  6. $5 million: spending on artificial reef development since 1980
Methodology: contingent valuation
Region: Americas / Gulf of Mexico
Data source: NOAA's Coral Reef Valuation Database

Publication information

Bell, F. Bonn, M.Leeworthy, V. “Economic Impact and Importance of Artificial Reefs in Northwest Florida” Florida Department of Environmental Protection, Contract Number MR235., 1998

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