Charlotte Ham is a postdoctoral scholar at the Department of Forestry and Environmental Resources at North Carolina State University in Raleigh, NC, USA. Her e-mail address is: firstname.lastname@example.org. John B. Loomis is a professor at the Department of Agricultural and Resource Economics at Colorado State University in Fort Collins, CO, USA. Loomis's e-mail address is: email@example.com. Patricia A. Champ is an economist with the USDA Forest Service Rocky Mountain Research Station in Fort Collins, CO, USA. Champ's e-mail address is: firstname.lastname@example.org. Funding for the project was made possible through a partnership between the USDA Forest Service Rocky Mountain Research Station and the Center for Environmental Management of Military Lands at Colorado State University. We are grateful for the constructive comments provided by the anonymous reviewers for Growth and Change.
Relative Economic Values of Open Space Provided by National Forest and Military Lands to Surrounding Communities
Article first published online: 17 JUL 2014
© 2014 Wiley Periodicals, Inc
Growth and Change
Volume 46, Issue 1, pages 81–96, March 2015
How to Cite
Ham, C., Loomis, J. B. and Champ, P. A. (2015), Relative Economic Values of Open Space Provided by National Forest and Military Lands to Surrounding Communities. Growth and Change, 46: 81–96. doi: 10.1111/grow.12072
- Issue published online: 4 MAR 2015
- Article first published online: 17 JUL 2014
- Manuscript Accepted: JUL 2013
- Manuscript Revised: JUN 2013
- Manuscript Received: SEP 2012
- USDA Forest Service Rocky Mountain Research Station
- Center for Environmental Management of Military Lands at Colorado State University
Open space lands are provided by a variety of entities from private individuals to the federal government and these entities make management decisions based on a very broad range of priorities. The net benefits of additional open space depend on the number, quality, and composition of existing open space in the vicinity. In areas where open space is abundant and there is a significant proportion that is federally owned, the net benefits are not well understood. In this study, the marginal willingness to pay for proximity to public open space is estimated using the hedonic property method and home sales transactions in 2007 for El Paso County Colorado, a location that boasts of having over 150,000 acres of open space. Results from a generalized spatial two-stage least squares regression indicate that homes in close proximity to open space provided locally by city, county, and state governments sell for a premium, but larger premiums are associated with proximity to the Pike National Forest and Cheyenne Mountain Air Force Station likely at least partially due to the natural amenities of the Rocky Mountains. In contrast, proximity to Fort Carson Army Installation is found to negatively affect house sales prices likely due to undesirable activities that occur on and around the installation. As for the other area of federal lands, proximity to the U.S. Air Force Academy and to Peterson Air Force Base was found to negatively affect house prices; however, these effects were not statistically significant.