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The Determinants of Neighborhood Transformations in Philadelphia, Identification and Analysis: The New Kensington Pilot Study

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Author(s): Susan Wachter
Org./Source: University of Pennsylvania
Year: 2005

Starting in 1995, the New Kensington neighborhood of Philadelphia was revitalized with street tree plantings, the planting of grass and trees on vacant lots, and the conversion of vacant lots to community gardens or side yards for adjacent homeowners. The goals were improving the community’s appearance, curbing population loss, attracting new residents, and encouraging reinvestment. There was a $4 million gain in property value through tree plantings and a $12 million gain through lot improvements.

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Topic tags: Economic Benefits of Urban Greenspace

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