A recent Washington Post article by JoAnne Greco of The City Traveller focuses on the power of parks to spur economic growth for an entire city- and uses two PPS projects, Houston's Discovery Green and Detroit's Campus Martius, as benchmarks for success.
Often, downtowns hard-hit by disinvestment turn to sports arenas or performing arts venues for an economic boost. Yet as this article shows, parks, not stadiums, are responsible for invigorating depressed cores. Alive with year-round programming and activities, these thriving Public Multi-Use Destinations are treasured by the local community and generate millions of dollars of investment, proving there can be an Upside of a Down Economy, as PPS President Fred Kent explains in this Urban Land Institute article.
The Washington Post is not the first major newspaper to highlight the potential for parks like Campus Martius to generate true prosperity over the long-haul: just last fall The Boston Globe wrote about how Discovery Green has drawn over a million visitors to downtown Houston while Boston's new Rose Kennedy Greenway still seems "placeless" and deserted.
From our experience working in more than 2,500 communities around the world, PPS has known for years that the missing ingredient in many discussions about economic revitalization, job creation, and sustainability is the fact that secure jobs are tied to a place.