Guarino’s all over the Greensboro Partnership’s ‘greenway deception.’ Bubba nails it when he asks ‘why are we surprised’ that the Partnership would estimate that properties along the greenway would increase in value 10-20 times their current value when they’re constantly pushing greenways as the cure for pretty much all of society’s ills?
Note that the properties on the list have are the sites of big projects that have never materialized, an indication that the Partnership is indulging in the typical ‘build it and they will come’ mentality.
Turns out JLF has studied greenways and has found no evidence that greenways increase property values. I realize the study focuses on greenways running through the backyards of single-family homes, but is it a stretch to draw the same conclusions from the properties on the Partnership’s list?
