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Schuyler Flatts Greenway

Schuyler Flatts Greenway. Presented by, Jason Quick- Maps and images Laura Moscovic - Benefits David Bremser- Costs Craig Pearce - Funding. Schuyler Flatts Greenway. A local Nature Path will Health Benefits Increase Property Values

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Schuyler Flatts Greenway

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  1. Schuyler Flatts Greenway Presented by, Jason Quick- Maps and images Laura Moscovic - Benefits David Bremser- Costs Craig Pearce - Funding

  2. Schuyler Flatts Greenway • A local Nature Path will • Health Benefits • Increase Property Values • Social Benefits for the surrounding community

  3. Overview of ProposedGreenways

  4. Schuyler Flatts GreenwayRural Cemetery route

  5. Greenway Details 2 miles of protected greenway space Provides a safe and convenient place that the community can use for personal recreation Connects the local residents to Schuyler Flatts park and the residing Albany Bike Path Simple dirt path with low OEM and initial costs

  6. Parking Entrance(Schuyler Street)

  7. Pedestrian Entrance(Spring Street)

  8. Schuyler Flatts Park(Albany Bike Path)

  9. Health Benefits $119,963 Discounted (benefits) .04 for 60 years Average Health Benefit                              $430.10 per year                                      ($1.18/day) Months used                                              5 Months Population in Colonie                                   75,000 Daily Use                                                    30 Students at Siena                                         3,500 Houses Surrounding                                     12 Housing Increase                                         $2,675

  10. Property Value Benefits $184,712 Discounted (benefits) .04 for 1 year • Houses Surrounding (directly) 12 • Houses Surrounding (indirectly) 200 • Property Value Increase (direct) $2,675 • Property Value Increase (indirect) $800

  11. Other Benefits • Path becomes a regional connector (To River/Park and Bike Path) • Social Interactions • Working outdoor classroom (students, boy/girl scouts and clubs) • Preserve land history • Flood Management

  12. Costs • Construction costs: $2,500 per kilometer= $7,615.45 • 30-Year maintenance cost: ($500 per mile per year)= 16,340.97 • Parking lot cost: $9,000.00 • Tom Thornton of Smith's Paving and Seal Coating • Sign cost: 3x $500 + 2x $100 + 10x $75= $2,450 • Permit cost: $3,540.64 • Total NPV of costs=$38,947.06

  13. Benefit Cost Analysis • NPV of costs=$38,947.06 • NPV of Benefits=$304,675 • NPV of project= $265,727.94 • BCR=7.8227

  14. Possible Source of Capital • Hudson River Valley Community Council • Established to coordinate with local and county governments to enhance land use and planning techniques • Advance the state’s commitment to the preservation, enhancement and development of scenic, natural, historic, cultural and recreational resources of the Hudson River Valley while continuing to emphasize economic development activities • Offers grants to organizations/projects that provide natural resource protection, cultural resource protection, scenic resource protection, and open space protection • Since the Kromma Kill is an important resource to the Hudson River, our protective corridor-greenway would be very attractive to the HRVG Council

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