Study: Pittsburgh’s Network Of Riverfront Parks Contributes To Boom In Development

Pittsburgh’s riverfront parks system is not only a haven for rest, relaxation and recreation but an economic powerhouse that has helped to generate billions of dollars in development over the past 15 years, a study has found.

In that time, the $130 million invested in the 13-mile Three Rivers Park has helped to produce nearly $4.1 billion in development on and near the riverfront, according to the study by Sasaki Associates, a Massachusetts-based architectural and planning firm.

In addition, the study, commissioned by Riverlife and to be released today, determined that since 2001, property values along that stretch have jumped by 60 percent compared with 32 percent in the rest of the city.

“The pattern in Pittsburgh and in other cities across the country is clear: properties with close proximity to high quality park infrastructure increase in value more than properties that do not,” the report stated.

Read more:

http://www.post-gazette.com/business/development/2015/05/07/Study-Pittsburgh-s-network-of-riverfront-parks-contributes-to-boom-in-development/stories/201505070094

Phila. Roofs Are Sprouting Greenery

When Esta Schwartz moved into her sixth-floor condominium at the Philadelphian, the view was not its best selling point.

The condos in the front of the building look out onto the Benjamin Franklin Parkway and the Art Museum, but her balcony, at the back, offered views of a black roof studded with large air-conditioning units.

Not anymore. Last week, workers began spreading dirt atop the roof, then planting it with sedum and other greenery that will be pink in June, ocher come November. Tall grasses will hide the air handlers.

“In some ways, it’s like a view out of a suburban window,” she said. Perhaps a third of the building’s condos now overlook, in effect, a huge lawn.

Read more at http://www.philly.com/philly/news/science/20150422_Phila__roofs_are_sprouting_greenery.html#HmDdVpIU2KkOq5jx.99