Non-market Benefits and Costs of Preserving Estuarine Watershed Open Space: A Case Study of Riverhead, Long Island, New York

Non-market Benefits and Costs of Preserving Estuarine Watershed Open Space: A Case Study of Riverhead, Long Island, New York

Primary Country: United States
Ecosystem: estuary
Sample Value Estimates:
  1. $46.2 million : Value of on-site recreational wildlife uses attributable to purchases of 221 acres of vacant land, in perpetuity, given 3% discount rate
  2. $16.1 million: given 7% discount rate
Region: Americas / Atlantic
Data source: MESP Primary

Publication information

Grigalunas, T. Opaluch, J.Trandafir, S. “Non-market Benefits and Costs of Preserving Estuarine Watershed Open Space: A Case Study of Riverhead, Long Island, New York” Economic Analysis, Inc., 2004

Addtional Notes

Benefits considered in report 1) onsite recreational use of bird watching/wildlife viewing 2) offsite water qualty impacts for recreational swimming 3) local amenity values to adjacent property owners

Information provided when available, for more information please visit the original database or PDF.