Value Capture Strategies for Financially Self-Sustaining Parks

Registration Eligibility
Attendees of the Greater and Greener Conference
Start Date
End Date
Come to this session to learn about two funding approaches that are tapping into adjacent real estate and economic development to bring financial resources to urban parks. Brooklyn Bridge Park, created by an agreement that transferred land from New York State to New York City, required that the park's operation be entirely self sustaining. The park's unique funding model relies on a small portion of onsite development projects that support the maintenance and operation of the park. Construction of Brooklyn Bridge Park began in 2008 and is now 80% complete but implementation of the funding model has not been without challenges. Hear the lessons learned from Brooklyn Bridge Park Corporation to provide a world-class recreational, educational, and cultural destination free to the public. Business Improvement Districts are also providing needed revenue and programming to downtown parks. The recently established Greenway Business Improvement District in Boston, MA, established an annual $1.5 million revenue stream to maintain the Rose Kennedy Greenway in collaboration with the Rose Kennedy Greenway Conservancy. Learn how this partnership came together, the ongoing roles each organization plays, and how they established dedicated funding streams to support ongoing park operations and maintenance.
Denver, CO
Distance Learning
Course Equivalency
Business Practices / Contracts / HR
Parks & Recreation
Health, Safety and Welfare
Learning Outcomes
Determine the role of your agency and partners in maintenance of a linear greenway system. Develop standards for a maintenance program. Identify strategies for funding a maintenance program. Learn the conditions that lend themselves to the formation of a BID. Find out the political circumstances that contribute to a multi-party funding agreement.
Sarah Krauss, Brooklyn Bridge Park, Trent Rondot, Houston Parks Board, Jesse Brackenbury, Rose Kennedy Greenway
Course Codes
City Parks Alliance

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