Around noon today, I received news that the City of Houston Solid Waste Department had cleaned up two parking lots filled with trash on Marina Drive in Forest Cove. The lots were between three rows of townhomes opposite the Forest Cove Community Room and Pool. The cleanup is a huge boon to the Forest Cove community. It was the last area in this part of Houston to have trash removed from Harvey and was featured in a FEMA video.
The two lots in question contained – by far – the worst piles of debris.
Before Cleanup
Before pick up. Trash littered the parking lot of townhomes on Marina Drive in Forest Cove.
Before pick up. More debris opposite the Community Center in Forest Cove.
After Clean Up
Here’s what the parking lots look like now – a huge improvement. Houston Police have said they are stepping up patrols in the area to help stop illegal dumping.
Townhomes on Marina Drive after Trash Pickup
Townhomes on Marina Drive after Trash Pickup
Still Work Yet to Do
The uncollected trash made the area a prime target for vandals, looters, graffiti, squatters and illegal dumping. Our thanks for work so far go out to City of H0uston Solid Waste Department, Council Member Dave Martin and his chief of staff Jessica Beemer for work to date.
A quick check of the area, however, shows that much trash remains. Hopefully, the cleanup will continue.
Trash still remains uncollected in places.
More still uncollected. Smaller trash piles like this exist throughout the area.
Long-Term Plans For This Area
Gary Bezemek, Harris County Precinct 4 Coordinator, says that the County is in the process of buying out these townhomes. When buyouts are complete, the County will tear them down tear out the parking lots, and even tear out the streets. It’s not clear yet whether the county intends to let the land revert to nature or turn it into part of their new Edgewater Park which begins at Hamblen and U.S. 59.
Bezemek says that another option is to build soccer and baseball fields on the land if the community desires them. “The beauty of such facilities for land in the floodway like this is that when the floodwaters go down, there’s very little cleanup to do.”
Posted by Bob Rehak on October 31, 2018
428 Days since Hurricane Harvey
https://i0.wp.com/reduceflooding.com/wp-content/uploads/2018/10/IMG_0030-e1541018902421.jpeg?fit=1500%2C1125&ssl=111251500adminadmin2018-10-31 16:24:592018-10-31 16:33:12City Begins Cleanup of Marina Drive Townhomes in Forest Cove
Fourteen months ago today, people started waking up to water in their homes. What has happened since then to mitigate risk from the next flood? Below, a status report on almost two dozen mitigation projects that affect the future of the Lake Houston Area.
The SJRA added two new members from the Lake Houston area to its board to ensure the views of downstream residents are considered. The members are Kaaren Cambio and Mark Micheletti.
Responding to Lake Houston area requests, the SJRA adopted a resolution to temporarily lower the level of Lake Conroe by 2 feet during the peak of hurricane season and the rainiest months in spring. This should help reduce risk to dredging equipment. Lake Conroe was in fact lowered between mid-August and October 1. The Lake has now to its normal for winter months. However, the Lake Conroe Association has announced it plans to fight the lowering again next spring.
Funding for the SJRA watershed study is still pending after seven months. Mitigation efforts that could come out of the study include identification of upstream detention sites and a long-term maintenance dredging plan.
Lowering Lake Houston
Last spring, the City of Houston has adopted a policy of lowering the lake every time a forecast calls for three or more inches of rain from a storm. The City has already lowered the lake in anticipation of four storms and likely prevented home flooding each time.
Dredging
Phase 1: After the Governor’s visit in March, the U.S. Army Corps of Engineers began a survey of the West Fork that was supposed to have gone from US59 to Lake Houston – a distance of 8 miles. The Corps decided to focus the survey on the area between River Grove Park and Lake Houston. Then, for reasons that were never clearly enunciated, they decided to restrict the scope to the area between River Grove Park and Kings Harbor. They bid the job in June and awarded the job to Great Lakes Dredge and Dock on July 6. The first dredge launched on September 20. The second dredge started dredging last week. The project will continue through mid-April next year, at which time, the contractor will begin demobilizing unless an extension of the project is approved before then.
Phase 2: During the summer, residents began protesting the limited scope of the dredging. The fact that the Corps was leaving the biggest blockage in the West Fork alarmed them, especially since it was at a strategic choke point where it could continue to flood the entire Humble/Kingwood area. In mid-October, the City, State, Corps and FEMA met to consider the request to expand the scope. They reached agreement in principle to do so. However, two hurdles remained: an environmental survey and location of a suitable placement area. At this point, no one is releasing any information about plans to overcome the hurdles. If officials can agree on a plan before the current project is complete, it may be possible to save the cost of a second mobilization/demobilization – approximately $18 million. That could go a long way toward funding additional dredging. If officials can agree on a closer disposal site, they could also reportedly save tens of millions of additional dollars. Let’s hope for an announcement this week from the City.
Great Lakes’ second dredge is now working around the clock seven days a week.
Phase 3: At the Kingwood Town Hall Meeting on October 9, Stephen Costello, the City’s Chief Resiliency Officer, identified the area between River Grove Park and US59 as a potential Phase 3 of the dredging process. No plans or funding sources have been announced yet.
East Fork: A difference map released by Costello, also on October 9th, showed a serious loss of conveyance in the East Fork due to sedimentation. No one has yet addressed this issue.
Maintenance Dredging: The Corps, Harris County, the City of Houston, Dan Huberty, and the SJRA have all identified a need for maintenance dredging to keep sedimentation from building up again to a critical level. It’s not clear how that would happen at this point. A source of funding has not been identified. Some people favor allowing sand miners to dredge the river commercially and are exploring ways to make that happen. That could reduce costs to government, but others fear the prospect of commercial mining in rivers, which is outlawed in many countries because of the damage it frequently causes.
Stopping Sediment at Its Source
Sediment comes from several sources: some natural, some man-made. We can’t do much about the natural. We could about the man-made if the political will existed.
Sand mine adjacent to Kingwood on the west fork of the San Jacinto. Note the breach in the dike to the left allowing flood water to escape into the river. Note sand deposits in drainage ditch below break in dike. This breach remained open for three years.
The TCEQ, State Rep. Dan Huberty and State Senator Brandon Creighton will meet with community representatives and sand mine representatives – AFTER the election. It remains to be seen whether Texas will follow best practices commonly adopted in other states and countries. Hey, if you can dump sediment into the river, leave dikes broken for years, walk away from a mine when you’re done without cleaning up, and get away with an $800 fine, why would you take regulations seriously? It’s taken an entire year to try to set up a meeting that no one except community leaders has yet confirmed. Meanwhile, the industry has quadrupled its lobbying budget and openly brags about the legislators they are pursuing to block what should be common-sense regulations.
Many drainage ditches that empty into Lake Houston have become clogged with sediment and fallen trees. The City and County agree on the need to clear them, but spent months and more than half a million dollars in legal fees quibbling over who could clean which portions of which ditches. Finally they arrived at a cost-saving compromise. The City would handle all underground drainage and the County would handle everything above ground. But before the County could start, they needed the City to hand over deeds and/or easements that would allow them onto the property. Documents for some of the ditches have been turned over to the County. But the City has been unable to locate the documents from several ditches including Ben’s Branch, the largest in Kingwood. They have not made any demonstrable progress in months despite supposedly having “five lawyers working on it full time.” Every time I ask, the response I get is, “We are still working on it.” The City has a major opportunity for improvement here. If this were the private sector, someone would have been fired by now. In anticipation of receiving the missing documents, the County has already surveyed the ditches and is ready to begin working on them. Let’s hope the City locates easements before another hurricane or the spring rains.
Additional Flood Gates for the Lake Houston Dam
The County allocated $20 million for the gates in the flood bond package. That means the City has to come up with another $50 million somewhere. Costello reported that the application for funding has been filed with FEMA. The Army Corps of Engineers would have to check off on the plans. I’ve heard rumors of pushback from downstream interests worried about the flooding that additional gates might create for them. This must be studied because of all the chemical plants and hazardous waste downstream. Net: this could easily take another five to ten years … if it happens at all.
Additional Upstream Detention
This is largely a Harris County issue. Money for it was approved in the $2.5 billion flood bond passed on August 25th. But the watershed study is still pending. Even after funding approval, the study could take a year to complete. Once the County identifies a location (which may be in another county), it has to purchase property, design the dam and construct it. That could easily be another five years also.
Proposition A
Funding for City-led mitigation projects may depend on the success of Propositions A and B in the current election. If B succeeds and A doesn’t, money will be even harder to find for mitigation. A purports to validate a lockbox around drainage fees so that the money can only be spent on drainage projects. B grants a huge pay increase to firefighters which would create pressure to divert money from the drainage fund.
New Flood Gages
Harris County and the SJRA have installed new flood gages that should fill in gaps in their upstream network and give us more warning time and greater accuracy in river forecasting. Some of these gages, like the ADVM at US59, can also measure sedimentation in real time.
Real-Time Inundation Mapping System
Harris County has developed a near-real-time inundation mapping system that will help give people better information about flooding. The County is reportedly sharing the system with the SJRA to allow them to model the impact of future releases during floods.
Subsidence
Subsidence has emerged as a factor that could potentially worsen flooding in north Harris and Montgomery Counties. The problem is caused by excessive groundwater pumping. And yet some in Montgomery County are pushing to pump even more groundwater. Voters there are voting on a measure to elect directors to the Lone Star Groundwater Conservation District for the first time. Let’s hope they elect people who believe in science and real data or we could all be sunk. It’s shaping up as the classic battle between saving a few bucks today versus ensuring the future. We will know how far sighted voters are in November.
Harris County Flood Bond
In August, voters passed a $2.5 billion flood bond that should make many projects possible. Commissioners have already started approving projects.
Harris County Edgewater Park
County has purchased the land and is finalizing plans. Construction should start next year. The value of the project from a flood mitigation point of view? It keeps the area green.
Buyouts
The County has received the first batch of funding for 985 buyouts and is in the process of closing on several properties on Marina Drive in Forest Cove. Each is voluntary and each must be treated like an individual purchase. In other words, every single one requires a survey, appraisal, deed research, etc. Part of the difficulty is that several townhomes were swept off their foundations by floodwaters and no longer exist. When buyouts are complete, the County will convert this area to parkland or allow it to go natural.
Townhomes on Marina Drive in Forest Cove 14 months after Hurricane Harvey.
Meanwhile, I wish we could get the City to pick up the trash.
If you have additions or corrections to this list, please send them to me via the contact page on this web site. My apologies in advance for anything I may have missed. There are a lot of moving parts here.
Posted by Bob Rehak on October 28, 2018
425 Days (14 months) since Hurricane Harvey
https://i0.wp.com/reduceflooding.com/wp-content/uploads/2018/03/Harvey-SanJac_73.jpg?fit=2000%2C1333&ssl=113332000adminadmin2018-10-28 04:00:002018-10-28 04:37:23Status Report on 21 Flood Mitigation Projects 14-Months After Hurricane Harvey
When I ran last week’s post about Harris County’s new Edgewater Park, I got pushback from several people who feared more green spaces could bring in outsiders and create traffic woes.
Value of Green Spaces in Reducing Flood Damage
Since Harvey, hardly a day goes by that we don’t read about the value of parks and green spaces in protecting us from flooding. So I was surprised at the resistance. How many more homes would have flooded in Kingwood had it not been for greenbelts and parks along the east and west forks? Google Earth shows approximately 3200 acres currently used for golf, parks and greenbelt trails in Kingwood. When floods recede these areas usually require little more than some extra maintenance.
Even after Havey, the repair costs for all of Kingwood’s parks put together was less than one home that I know of near the river.
Plus, consider this. Had you divided those 3200 acres up into typical quarter acre lots and put a home on each, 12,800 additional homes would have flooded. Every single one. And if each suffered a quarter million dollars worth of damage, the total would have exceeded $3 billion dollars.
Kingwood and Forest Cove: 4X the Recommended Green Space
Kingwood and Forest Cove are exceptional in the amount of green space that we have per household. About 20% of our acreage is in parks, golf courses or greenbelts, something that makes us especially attractive to active, younger families with children. It’s one of our distinguishing characteristics and most attractive features.
Floods clearly affect home values in a negative way. A study of 8000 homes in a flood-prone area of North Carolina after Hurricane Floyd in 1999 confirmed this. It found that homes outside of a flood plain had a higher market value than equivalent homes inside the flood plain. Further, the price discount for homes inside the flood plain was significantly greater immediately after the hurricane.
Proximity to Parks Positively Impacts Price
But what is the correlation between home values and proximity to parks. Does the proximity help or hurt (as some people suggested)?
There’s been a fair amount of research on this subject. When I googled it, the search returned 330 million results. Seriously! I scanned the first five pages. Luckily, there seems to be consensus. The answer is, “Yes, there is a positive correlation.”
Would you pay extra to live close to this? Studies show most people would.
Some of the landmark studies on this subject were conducted at Texas A&M. One by John Crompton in 2001 reviewed 30 scholarly articles and found that abutting a passive-use park, such as East End, had a 20% positive impact on property values. Crompton also found that abutting active-use parks (such as ball parks or soccer fields) with large numbers of users had little discernible impact, but that properties a block or two away experienced a 10% bump.
Hedonic analysis is particularly popular in real estate. It focuses on the things that people like most or least about property, in other words, what drives or hurts sales. It gages the influence of various pleasant and unpleasant factors on prices. For instance, proximity to the park might be visually pleasant, but noise created at the park might be unpleasant. The word “hedonic” comes from hedonism, the pursuit of pleasure. In this case, the focus on pleasure is as a component of price. The more pleasure people get from something, the higher the price it commands.
The newer studies also isolate price variance by the type of park (active-use, passive, greenbelt, near water, urban, rural, etc.).
Another review of scientific literature by Sarah Nicholls found that in Austin and Indianapolis, proximity to greenbelts accounted for 0%, 2%, 6%, 12% and 15% of average sale value. The variance resulted from different types of greenways, proximity to access points, maintenance, the beauty of vegetation, and the amount of regulation/protection.
Nicholls also found that, “In no case reviewed by this author to date has an open space been found to have a negative impact on surrounding property values.”
Nicholls concludes that it is possible, using hedonic analysis, “to place dollar values, verifiable using rigorous scientific techniques, on the economic contributions of …(green space) … amenities to local communities.”
Offsetting the Negative Influence of Harvey
As the county buys flood-damaged homes below Hamblen Road, I hope they create a greenbelt between River Grove Park and Edgewater Park. It would reduce repetitive flood losses to FEMA and the National Flood Insurance Program. It would protect the community from future development that could exacerbate flooding. And it would turn a negative into a positive impact for surrounding homeowners. The county estimates that its current greenway, which stretches from 59 to 45 along Spring Creek, could extend all the way to Tomball within four years. Connecting that trail to Kingwood’s network, could in my opinion, create the kind of high profile amenity that helps counteract any lingering negative influence of Harvey.
Personally, I can’t wait. It may be what I need to get this old bag of bones back on a bike again.
Posted by Bob Rehak on October 27, 2018
424 Days Since Hurricane Harvey
https://i0.wp.com/reduceflooding.com/wp-content/uploads/2018/07/EEP-Poster-Small.jpg?fit=3613%2C5405&ssl=154053613adminadmin2018-10-26 23:08:382018-10-26 23:11:46How Parks and Green Spaces Improve Real Estate Values
City Begins Cleanup of Marina Drive Townhomes in Forest Cove
Around noon today, I received news that the City of Houston Solid Waste Department had cleaned up two parking lots filled with trash on Marina Drive in Forest Cove. The lots were between three rows of townhomes opposite the Forest Cove Community Room and Pool. The cleanup is a huge boon to the Forest Cove community. It was the last area in this part of Houston to have trash removed from Harvey and was featured in a FEMA video.
The two lots in question contained – by far – the worst piles of debris.
Before Cleanup
Before pick up. Trash littered the parking lot of townhomes on Marina Drive in Forest Cove.
Before pick up. More debris opposite the Community Center in Forest Cove.
After Clean Up
Here’s what the parking lots look like now – a huge improvement. Houston Police have said they are stepping up patrols in the area to help stop illegal dumping.
Townhomes on Marina Drive after Trash Pickup
Townhomes on Marina Drive after Trash Pickup
Still Work Yet to Do
The uncollected trash made the area a prime target for vandals, looters, graffiti, squatters and illegal dumping. Our thanks for work so far go out to City of H0uston Solid Waste Department, Council Member Dave Martin and his chief of staff Jessica Beemer for work to date.
A quick check of the area, however, shows that much trash remains. Hopefully, the cleanup will continue.
Trash still remains uncollected in places.
More still uncollected. Smaller trash piles like this exist throughout the area.
Long-Term Plans For This Area
Gary Bezemek, Harris County Precinct 4 Coordinator, says that the County is in the process of buying out these townhomes. When buyouts are complete, the County will tear them down tear out the parking lots, and even tear out the streets. It’s not clear yet whether the county intends to let the land revert to nature or turn it into part of their new Edgewater Park which begins at Hamblen and U.S. 59.
Bezemek says that another option is to build soccer and baseball fields on the land if the community desires them. “The beauty of such facilities for land in the floodway like this is that when the floodwaters go down, there’s very little cleanup to do.”
Posted by Bob Rehak on October 31, 2018
428 Days since Hurricane Harvey
Status Report on 21 Flood Mitigation Projects 14-Months After Hurricane Harvey
Fourteen months ago today, people started waking up to water in their homes. What has happened since then to mitigate risk from the next flood? Below, a status report on almost two dozen mitigation projects that affect the future of the Lake Houston Area.
SJRA
Lowering Lake Houston
Last spring, the City of Houston has adopted a policy of lowering the lake every time a forecast calls for three or more inches of rain from a storm. The City has already lowered the lake in anticipation of four storms and likely prevented home flooding each time.
Dredging
Great Lakes’ second dredge is now working around the clock seven days a week.
Stopping Sediment at Its Source
Sediment comes from several sources: some natural, some man-made. We can’t do much about the natural. We could about the man-made if the political will existed.
Sand mine adjacent to Kingwood on the west fork of the San Jacinto. Note the breach in the dike to the left allowing flood water to escape into the river. Note sand deposits in drainage ditch below break in dike. This breach remained open for three years.
The TCEQ, State Rep. Dan Huberty and State Senator Brandon Creighton will meet with community representatives and sand mine representatives – AFTER the election. It remains to be seen whether Texas will follow best practices commonly adopted in other states and countries. Hey, if you can dump sediment into the river, leave dikes broken for years, walk away from a mine when you’re done without cleaning up, and get away with an $800 fine, why would you take regulations seriously? It’s taken an entire year to try to set up a meeting that no one except community leaders has yet confirmed. Meanwhile, the industry has quadrupled its lobbying budget and openly brags about the legislators they are pursuing to block what should be common-sense regulations.
Putting Teeth into Environmental Regulations
This is a job for the next legislature. TCEQ fines currently average about three times what you would pay for failure to fully stop at a stop sign. The cost of dredging 2.1 miles of the West Fork is now up to $73 million. The cost of dredging the mouth bar could be another $100 million. Doesn’t feel very fiscally conservative to me.
Ditches
Many drainage ditches that empty into Lake Houston have become clogged with sediment and fallen trees. The City and County agree on the need to clear them, but spent months and more than half a million dollars in legal fees quibbling over who could clean which portions of which ditches. Finally they arrived at a cost-saving compromise. The City would handle all underground drainage and the County would handle everything above ground. But before the County could start, they needed the City to hand over deeds and/or easements that would allow them onto the property. Documents for some of the ditches have been turned over to the County. But the City has been unable to locate the documents from several ditches including Ben’s Branch, the largest in Kingwood. They have not made any demonstrable progress in months despite supposedly having “five lawyers working on it full time.” Every time I ask, the response I get is, “We are still working on it.” The City has a major opportunity for improvement here. If this were the private sector, someone would have been fired by now. In anticipation of receiving the missing documents, the County has already surveyed the ditches and is ready to begin working on them. Let’s hope the City locates easements before another hurricane or the spring rains.
Additional Flood Gates for the Lake Houston Dam
The County allocated $20 million for the gates in the flood bond package. That means the City has to come up with another $50 million somewhere. Costello reported that the application for funding has been filed with FEMA. The Army Corps of Engineers would have to check off on the plans. I’ve heard rumors of pushback from downstream interests worried about the flooding that additional gates might create for them. This must be studied because of all the chemical plants and hazardous waste downstream. Net: this could easily take another five to ten years … if it happens at all.
Additional Upstream Detention
This is largely a Harris County issue. Money for it was approved in the $2.5 billion flood bond passed on August 25th. But the watershed study is still pending. Even after funding approval, the study could take a year to complete. Once the County identifies a location (which may be in another county), it has to purchase property, design the dam and construct it. That could easily be another five years also.
Proposition A
Funding for City-led mitigation projects may depend on the success of Propositions A and B in the current election. If B succeeds and A doesn’t, money will be even harder to find for mitigation. A purports to validate a lockbox around drainage fees so that the money can only be spent on drainage projects. B grants a huge pay increase to firefighters which would create pressure to divert money from the drainage fund.
New Flood Gages
Harris County and the SJRA have installed new flood gages that should fill in gaps in their upstream network and give us more warning time and greater accuracy in river forecasting. Some of these gages, like the ADVM at US59, can also measure sedimentation in real time.
Real-Time Inundation Mapping System
Harris County has developed a near-real-time inundation mapping system that will help give people better information about flooding. The County is reportedly sharing the system with the SJRA to allow them to model the impact of future releases during floods.
Subsidence
Subsidence has emerged as a factor that could potentially worsen flooding in north Harris and Montgomery Counties. The problem is caused by excessive groundwater pumping. And yet some in Montgomery County are pushing to pump even more groundwater. Voters there are voting on a measure to elect directors to the Lone Star Groundwater Conservation District for the first time. Let’s hope they elect people who believe in science and real data or we could all be sunk. It’s shaping up as the classic battle between saving a few bucks today versus ensuring the future. We will know how far sighted voters are in November.
Harris County Flood Bond
In August, voters passed a $2.5 billion flood bond that should make many projects possible. Commissioners have already started approving projects.
Harris County Edgewater Park
County has purchased the land and is finalizing plans. Construction should start next year. The value of the project from a flood mitigation point of view? It keeps the area green.
Buyouts
The County has received the first batch of funding for 985 buyouts and is in the process of closing on several properties on Marina Drive in Forest Cove. Each is voluntary and each must be treated like an individual purchase. In other words, every single one requires a survey, appraisal, deed research, etc. Part of the difficulty is that several townhomes were swept off their foundations by floodwaters and no longer exist. When buyouts are complete, the County will convert this area to parkland or allow it to go natural.
Townhomes on Marina Drive in Forest Cove 14 months after Hurricane Harvey.
Meanwhile, I wish we could get the City to pick up the trash.
If you have additions or corrections to this list, please send them to me via the contact page on this web site. My apologies in advance for anything I may have missed. There are a lot of moving parts here.
Posted by Bob Rehak on October 28, 2018
425 Days (14 months) since Hurricane Harvey
How Parks and Green Spaces Improve Real Estate Values
When I ran last week’s post about Harris County’s new Edgewater Park, I got pushback from several people who feared more green spaces could bring in outsiders and create traffic woes.
Value of Green Spaces in Reducing Flood Damage
Since Harvey, hardly a day goes by that we don’t read about the value of parks and green spaces in protecting us from flooding. So I was surprised at the resistance. How many more homes would have flooded in Kingwood had it not been for greenbelts and parks along the east and west forks? Google Earth shows approximately 3200 acres currently used for golf, parks and greenbelt trails in Kingwood. When floods recede these areas usually require little more than some extra maintenance.
Plus, consider this. Had you divided those 3200 acres up into typical quarter acre lots and put a home on each, 12,800 additional homes would have flooded. Every single one. And if each suffered a quarter million dollars worth of damage, the total would have exceeded $3 billion dollars.
Kingwood and Forest Cove: 4X the Recommended Green Space
Kingwood and Forest Cove are exceptional in the amount of green space that we have per household. About 20% of our acreage is in parks, golf courses or greenbelts, something that makes us especially attractive to active, younger families with children. It’s one of our distinguishing characteristics and most attractive features.
Many cities cannot reach the minimum of 10 acres of park space per 1,000 residents recommended by the National Recreation and Park Association (NRPA). Kingwood has four times that! Truly, we were blessed by a visionary developer.
Floods Negatively Impact Price
Floods clearly affect home values in a negative way. A study of 8000 homes in a flood-prone area of North Carolina after Hurricane Floyd in 1999 confirmed this. It found that homes outside of a flood plain had a higher market value than equivalent homes inside the flood plain. Further, the price discount for homes inside the flood plain was significantly greater immediately after the hurricane.
Proximity to Parks Positively Impacts Price
But what is the correlation between home values and proximity to parks. Does the proximity help or hurt (as some people suggested)?
There’s been a fair amount of research on this subject. When I googled it, the search returned 330 million results. Seriously! I scanned the first five pages. Luckily, there seems to be consensus. The answer is, “Yes, there is a positive correlation.”
Would you pay extra to live close to this? Studies show most people would.
Some of the landmark studies on this subject were conducted at Texas A&M. One by John Crompton in 2001 reviewed 30 scholarly articles and found that abutting a passive-use park, such as East End, had a 20% positive impact on property values. Crompton also found that abutting active-use parks (such as ball parks or soccer fields) with large numbers of users had little discernible impact, but that properties a block or two away experienced a 10% bump.
800% Premium for Proximity to Central Park
Since Crompton’s study, mathematical analysis has become more sophisticated. The results are not as dramatic, but still positive. They often use a statistical technique called hedonic analysis that helps tell us how much of a home’s increase in value can be attributed to a particular factor, such as proximity to a park versus proximity to a park, say, downtown. Having a view of Central Park in New York City (as opposed to your neighbor’s air vent), for instance, bumps a home’s value by a whopping 800%. Furthermore, the 800% increase can be seen up to 1500 feet (about a quarter mile) from the park.
Role of Hedonic Analysis in Pricing
Hedonic analysis is particularly popular in real estate. It focuses on the things that people like most or least about property, in other words, what drives or hurts sales. It gages the influence of various pleasant and unpleasant factors on prices. For instance, proximity to the park might be visually pleasant, but noise created at the park might be unpleasant. The word “hedonic” comes from hedonism, the pursuit of pleasure. In this case, the focus on pleasure is as a component of price. The more pleasure people get from something, the higher the price it commands.
The newer studies also isolate price variance by the type of park (active-use, passive, greenbelt, near water, urban, rural, etc.).
Another review of scientific literature by Sarah Nicholls found that in Austin and Indianapolis, proximity to greenbelts accounted for 0%, 2%, 6%, 12% and 15% of average sale value. The variance resulted from different types of greenways, proximity to access points, maintenance, the beauty of vegetation, and the amount of regulation/protection.
Nicholls concludes that it is possible, using hedonic analysis, “to place dollar values, verifiable using rigorous scientific techniques, on the economic contributions of …(green space) … amenities to local communities.”
Offsetting the Negative Influence of Harvey
As the county buys flood-damaged homes below Hamblen Road, I hope they create a greenbelt between River Grove Park and Edgewater Park. It would reduce repetitive flood losses to FEMA and the National Flood Insurance Program. It would protect the community from future development that could exacerbate flooding. And it would turn a negative into a positive impact for surrounding homeowners. The county estimates that its current greenway, which stretches from 59 to 45 along Spring Creek, could extend all the way to Tomball within four years. Connecting that trail to Kingwood’s network, could in my opinion, create the kind of high profile amenity that helps counteract any lingering negative influence of Harvey.
Personally, I can’t wait. It may be what I need to get this old bag of bones back on a bike again.
Posted by Bob Rehak on October 27, 2018
424 Days Since Hurricane Harvey