Assessing the potential value of the Naugatuck River Greenway

2015-10-08 14.59.30

Naugatuck River in Waterbury, photo by John McDonald

 

Greenways are multi-use trails that act as linear parks, often following the course of a river or former right-of-way such as a canal, railway or trolley line, or abandoned road. The Greenway movement gathered momentum in the United States through the 1980s and ’90s, and in 2001, the Naugatuck River Greenway was conceived. As of September 2015, there are only four unconnected, short segments totaling 4.1 miles in length. Completion of the greenway requires buy-in on behalf of the Valley municipalities and, with this in mind, an economic impact analysis was proposed by the Naugatuck River Greenway Steering Committee. The economic impact analysis will be a collaborative effort between the University of Connecticut Extension, UConn’s Connecticut Center for Economic Analysis, and the Naugatuck Valley Council of Governments.

This study will be the first economic impact analysis of a Connecticut greenway or multi-use trail. To date, a literature review has been drafted examining similar studies and situating the project within its historical and regional context. Trail user intercept studies are planned for fall 2015, and focus groups with administrators of existing Connecticut trails will follow in the spring of 2016. The data gathered by these methods will supplement the formal economic analysis done by CCEA and the end result will be a comprehensive evaluation of the impact that the construction of the Naugatuck River Greenway will have on the Naugatuck Valley. It is hoped that the findings will encourage Naugatuck Valley municipalities to invest in the construction of the greenway, which has the potential to be beneficial in many ways to the communities it will pass through.

Potential monetary benefits include jobs added, increases in property values and, by extension, property tax revenue, and recreational expenditures by trail users which is hoped will stimulate more purchases in the Naugatuck Valley. CCEA will conduct a formal economic analysis using existing economic data and an economic simulation model called REMI, designed by Regional Economic Modeling, Incorporated. This analysis will examine regional trends and the impact that the construction of the Naugatuck River Greenway will have on the regional economy. This, however, is only one part of determining the value of the greenway. Non-monetary benefits include health benefits due to increased physical activity, preservation value due to the conservation in perpetuity of the greenway as open space, and the sense of the greenway as a community resource with aesthetic and social significance.

 

– John McDonald, Extension Intern