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Last Updated: 25-03-2016 15:24
Williams, E., Wise,W. 2009. Economic Impacts of Alternative Approaches to Storm-water Management and Land Development. Journal of Water Resources Planning and Management. ASCE, Reston, VA. Volume 135, Number 6. Page 537.
construction, costs, development, LID, site design
This paper explores how estimated construction costs and projected revenue from sales could influence the decision to maintain open spaces in predevelopment condition and to implement a decentralized swale-based stormwater management system characteristic of low impact development. Four development alternatives were explored for a hypothetical residential subdivision. Hedonic price analysis was used to develop a price equation for the Gainesville, Fla. Residential market. The ratio of revenue (sale price) to construction cost showed that a development incorporating lot size reductions for open-space preservation and a swale-based storm-water management system was the preferred option over the first half of the study period, but was not in the second half.