A local Nature Path willA local Nature Path will

Health BenefitsHealth Benefits

Increase Property ValuesIncrease Property Values

Social Benefits for the Social Benefits for the surrounding surrounding communitycommunity

Overview of ProposedOverview of ProposedGreenwaysGreenways

Schuyler Flatts GreenwaySchuyler Flatts GreenwayRural Cemetery routeRural Cemetery route

Greenway DetailsGreenway Details2.5 miles of protected greenway 2.5 miles of protected greenway spacespace

Provides a safe and convenient Provides a safe and convenient place that the community can use for place that the community can use for personal recreationpersonal recreation

Connects the local residents to Connects the local residents to Schuyler Flatts park and the residing Schuyler Flatts park and the residing Albany Bike PathAlbany Bike Path

Simple dirt path with low OEM and Simple dirt path with low OEM and initial costsinitial costs

Parking EntranceParking Entrance(Schuyler Street)(Schuyler Street)

Pedestrian EntrancePedestrian Entrance(Spring Street)(Spring Street)

Schuyler Flatts ParkSchuyler Flatts Park(Albany Bike Path)(Albany Bike Path)

Health BenefitsHealth Benefits

$119,963$119,963Discounted (benefits) .04 for 60 yearsDiscounted (benefits) .04 for 60 years

Average Health Benefit                              Average Health Benefit                              $430.10 per year$430.10 per year    

                                                                         ($1.18/day)($1.18/day)

Months used                                              Months used                                              5 Months5 Months          

Population in Colonie                                   Population in Colonie                                   75,00075,000                                        

Daily Use                                                    Daily Use                                                    3030                                                                                  

Students at Siena                                         Students at Siena                                         3,5003,500  

Houses Surrounding                                     Houses Surrounding                                     1212

Housing Increase                                         Housing Increase                                         $2,675$2,675

Property Value BenefitsProperty Value Benefits$184,712

Discounted (benefits) .04 for 1 year

• Houses Surrounding (directly)Houses Surrounding (directly) 1212

• Houses Surrounding (indirectly) Houses Surrounding (indirectly) 200200

• Property Value Increase (direct) Property Value Increase (direct) $2,675 $2,675

• Property Value Increase (indirect) Property Value Increase (indirect) $800$800

Other BenefitsOther Benefits• Path becomes a regional connector (To River/Park and Bike Path becomes a regional connector (To River/Park and Bike

Path)Path)

• Social InteractionsSocial Interactions

• Working outdoor classroom (students, boy/girl scouts and Working outdoor classroom (students, boy/girl scouts and clubs)clubs)

• Preserve land historyPreserve land history

• Flood ManagementFlood Management

CostsCosts

• Construction costs: $2,500 per kilometer= Construction costs: $2,500 per kilometer= $7,615.45$7,615.45

• 30-Year maintenance cost: ($500 per mile 30-Year maintenance cost: ($500 per mile per year)= 16,340.97per year)= 16,340.97

• Parking lot cost: $9,000.00Parking lot cost: $9,000.00– Tom Thornton of Smith's Paving and Seal Tom Thornton of Smith's Paving and Seal

Coating Coating • Sign cost: 3x $500 + 2x $100 + 10x $75= Sign cost: 3x $500 + 2x $100 + 10x $75=

$2,450$2,450• Permit cost: $3,540.64Permit cost: $3,540.64• Total NPV of costs=$38,947.06Total NPV of costs=$38,947.06

Benefit Cost AnalysisBenefit Cost Analysis

• NPV of costs=$38,947.06NPV of costs=$38,947.06

• NPV of Benefits=$304,675NPV of Benefits=$304,675

• NPV of project= $265,727.94NPV of project= $265,727.94

• BCR=7.8227BCR=7.8227

Possible Source of CapitalPossible Source of Capital

• Hudson River Valley Community CouncilHudson River Valley Community Council– Established to coordinate with local and county governments to Established to coordinate with local and county governments to

enhance land use and planning techniquesenhance land use and planning techniques– Advance the state’s commitment to the preservation, enhancement Advance the state’s commitment to the preservation, enhancement

and development of scenic, natural, historic, cultural and recreational and development of scenic, natural, historic, cultural and recreational resources of the Hudson River Valley while continuing to emphasize resources of the Hudson River Valley while continuing to emphasize economic development activitieseconomic development activities

• Offers grants to organizations/projects that provide natural Offers grants to organizations/projects that provide natural resource protection, cultural resource protection, scenic resource protection, cultural resource protection, scenic resource protection, and open space protectionresource protection, and open space protection

• Since the Kromma Kill is an important resource to the Since the Kromma Kill is an important resource to the Hudson River, our protective corridor-greenway would be Hudson River, our protective corridor-greenway would be very attractive to the HRVG Councilvery attractive to the HRVG Council