Open space is an important issue now because their is a ballot measure to preserve open space in Fort Collins. Open space provides many benefits to the community, but the issue is that these benefits are hard to place a value on. There are ways that these benefits can be measured, but none of these options are perfect. Contingent valuation asks people what they would be willing to pay to keep open space. This can run into problems since people could overstate how much they would actually be willing to pay since they may not actually have to pay that amount. However, this is probably the best valuation method for this problem since contingent valuation is the only way to measure passive value, which is the value one may get even if they don't use the resource. It is very important to measure the passive value of open space since it comes with a lot of benefits for those who do not use the spaces. Hedonic regression is another way to measure the value, but it is flawed because it bases it off of property values in the surrounding area. Many things can change property value and the value that we would actually receive from open spaces is a lit more than what changes in property value would say that the value is. One could also use travel costs which measures how much people are willing to pay to travel to the open space, but again this comes with issues because it does not measure passive value.
Fort Collins voters should vote for this measure because even if one does not think that open space benefits them, it most likely does. There are many passive use values that come with open space areas. Preserving open space is the easiest way to preserve the environment for that area. Development cant take place on these lands, which keeps those lands out of private entities that would likely not think of the environment first. If open spaces were taken away, property values around the former open space would deteriorate. That is only one part of the equation, open spaces benefit everyone who lives in the city because it would attract business since people like open space, which would mean business’s would like to move there since that is where the working population is located. It also prevents the high costs of unplanned development because business’s would not be able to develop in these spaces, which would lead to more sustainable growth.
So please, Fort Collins voters vote to preserve open spaces, even if you dont believe that it has a direct impact on you because it does. Open space will have an exponentially better impact on the city economically than allowing businesses to develop where they please.