J. Parks, Volume 1, Issue 2 (June 2026) – 2 articles

Investments in urban parks are frequently justified not only in terms of their environmental and recreational amenities but also in terms of their potential to fuel appreciation in neighborhoods and corresponding increases in local fiscal revenues. There is a substantial body of literature indicating that proximity to parks and other forms of urban open spaces can be capitalized into surrounding residential property values; however, there is relatively limited research examining whether these effects plausibly translate into fiscal revenues that could offset the costs of urban park projects. This study seeks to address this question in the context of Chicago’s 606 Trail, a 2.7-mile elevated rail-to-trail conversion completed and opened on 6 June 2015, after a publicly disclosed investment of $95 million in the project at the time of opening. Using property transaction data and a difference-in-differences event-study approach, this study estimates the impact of park completion on surrounding residential property values and converts these amenity capitalization effects into corresponding municipal fiscal revenues. The main contribution of this paper is to demonstrate that amenity capitalization and fiscal self-financing are analytically separate outcomes, even though park completion may be associated with corresponding increases in surrounding residential property values. The study contributes a framework for evaluating substantial urban park investments by drawing on both urban amenity studies and municipal finance studies. Full article

This study addressed how business administration training influenced perceptions of sustainable development goals (SDGs) within park management, situating the research at the intersection of sustainability education and applied management practice. A controlled experiment was conducted in Chongqing Central Park, where 100 undergraduate students were randomly assigned to either an integrated business administration training program or a conventional park management program for two months, followed by standardized questionnaire surveys and statistical analyses, including analysis of variance and multivariate linear regression. A pretest verified randomization equivalence. The results demonstrated that participants who received integrated training reported higher perceptions of SDGs related to quality education, climate action, and life on land, alongside improvements in entrepreneurial mindset, social and economic value preferences, multitasking awareness, decision-related attributes, and interest in nature education. Regression analyses revealed that SDG perception was primarily strengthened by social value orientation and entrepreneurial mindset factors, whereas certain employee attributes and elements of nature education satisfaction exerted negative or weaker effects, particularly among trained participants. In contrast, the control group showed limited and mostly insignificant relationships, with SDG perception relying largely on baseline attitudes. Overall, the findings indicate that embedding business administration concepts into park management training enhances multidimensional sustainability awareness and provides evidence that socially oriented entrepreneurship and structured management thinking contribute meaningfully to SDG perception formation without overstating causal claims. Full article