Ernst & Young LLP and Rails-to-Trails Conservancy, on behalf of the Greater Washington Partnership released a report on the Economic and Social Benefits of Completing the Baltimore Greenway Trails Network. The study examines the potential economic and social benefits of a $28 million plan to expand and connect existing trails in Baltimore City to complete the Greenway Trails Network.
Benefits highlighted in the report include:
- Gross Economic Output Generated from Trail Construction: up to $48 million total
- Residential Property Value Increase: up to $314 million total
- New Biking or Walking Trips: up to 6.9 million per year
- New Public Transportation Trips: up to 700,000 per year
- Decline in Vehicle Miles Traveled: up to 8.6 million per year
- Avoided Health Costs of Residents: up to $2.4 million per year
- Local Business Activity Near Trail: up to $113 million annual
