Sasaki Associate, a Massachusetts-based architectural and planning firm, recently completed a study that found the $130 million invested in the 13-mile Three Rivers Park in Pittsburgh has helped to produce nearly $4.1 billion in development.
The study also found that property values in the area have increased 60 percent since 2001 – compared to 32 percent in the rest of the city.
According to the report, the millions “invested in Three Rivers Park over that time helped to spur nearly $2.6 billion in riverfront development activity and nearly $4.1 billion when adjacent development was taken into account.”
What could this mean for future development?
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