The Power of Parks; An Assessment of Chicago Parks’ Economic Impact

BY GlobalEcon

Parks are key resources in cities—a source of pride for city citizens, an attraction for visitors and an enhancement to the quality of life for residents. While the benefits of parks are mostly intuitive for residents and visitors alike, is there a quantitative way to measure their value? For this effort, The Chicago Park District partnered with Civic Consulting Alliance, Global Economics Group, and Roland Berger Strategy Consultants. The 585 parks that the Chicago Park District owns were included in the analysis, making it one of the most comprehensive studies ever undertaken of a park system’s economic benefit.”

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Global Economics Group brings together world-class thought leaders, highly experienced experts who have presented before courts and regulatory bodies worldwide, ex-industry executives with deep practical experience and a multi-disciplinary staff including econometricians and finance economists.

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