Assessing the Qualitative Value of Parks and Green Spaces in Kalamazoo County, MI, USA

Researchers, policy- and decision-makers, and planners have historically focused on the monetary value of parks and green spaces (either as costs or potential sale value). In this article, we argue that researchers, practitioners, and policymakers need to consider and investigate the non-economic values of parks and green spaces to more fully understand the worth of these spaces. We apply the total economic value framework (TEVF) to parks and green spaces in Kalamazoo, Michigan, to assess how use values and non-use values shape how people value local green spaces. This methodology provides a more comprehensive value of park spaces beyond the economic value which, in most cases, undervalues natural spaces. Our research indicates that, in the case of Kalamazoo, Michigan, parks and green spaces are worth more than the monetary value of their property to people. Non-use, existence, and bequest values all load strongly in our analysis, and these results indicate that people in the Kalamazoo area believe the worth of their park spaces extends well beyond the purely economic realm. We further argue that TEVF is an effective tool for park managers to incorporate diverse value systems and perceptions to quantify the importance of these values.