Abstract
A new multiple purpose park‐lake facility is being developed in the sub urbanrural fringe of the Philadelphia, Pennsylvania metropolitan region. This study assesses the impact of the new park‐lake upon surrounding land values in order to provide information for improved planning and decision making in such a context.The investigation covers the period from the time of land acquisition to that of near‐completion of dam construction. The results of the study provide a “baseline” from which it will later be possible to assess changes in land values as the park‐lake becomes fully operational as a major public recreational facility.Two geographic zones of impact on surrounding land value are identified by the analysis, and variations in the impact of the park‐lake over time are identified. The importance of these new findings to public organizations involved in recreational decision making is discussed and areas for future research are suggested.
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