Agenda - Parks and Recreation Commission - 02/08/2018

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The cost estimate for existing regional parks and trails open to the public include costs associated with acquisition of inholdings and future development. In order to produce the estimates, data were gathered from Council -approved master plans. In 2014, a total of 2,407 acres and 29 trail miles were inholding properties. The estimate to acquire inholding properties for both parks and trails total $59.3 million, while development costs total $187.7 million. A total estimate for future acquisition and development of existing regional parks and trails opened to the public totals $247 million. The cost estimate for planned regional parks or trails - those park or trail units that have a Council - approved master plan but are not open to the public as of 2015 - include costs associated with acquisition of inholdings and future development. In order to produce the estimates, data were gathered from Council -approved master plans. In 2014, inholding properties totaled 2,739 acres and 222 trail miles. The estimate to acquire inholding properties for both parks and trails total $36.4 million, while development costs total $227.8 million. A total estimate for future acquisition and development of planned regional parks or trails totals $264.2 million. The cost estimate for regional park search areas also includes costs associated with acquisition of inholdings and future development. The estimates for these were gathered from the 2030 Regional Parks Policy Plan. Inholding properties totaled 7,546 acres, with an associated acquisition cost of $38.5 million. The estimated costs to develop the regional park search areas total $26.3 million. A total estimate for future acquisition and development of regional parks search areas is $64.8 million. The cost estimate for regional trail search corridors were also gathered from 2030 Regional Parks Policy Plan. Inholding properties totaled 1,745 acres and 479 trail miles, with an associated acquisition cost of $19.4 million. The estimated costs to develop the Regional Park Search Areas total $211.8 million. A total estimate for future acquisition and development of regional trail search corridors is $231.2 million. The cost estimate for the 2040 additions to the system were calculated based on data provided by the regional park implementing agencies. The new trail search corridors, comprising 111 miles, will require approximately 400 additional acres. The cost to acquire the land is estimated to be $4.6 million, while development costs total $49.6 million. In sum, the cost to acquire and develop the 2040 additions to the system is estimated to total $54.2 million. The entire system as completed - including inholdings, planned regional parks and trails, regional park search areas, and regional trail search corridors - would require an additional 14,836 acres to be acquired and 850 trail miles. The associated costs are estimated to be $158.2 million for acquisition and $703.3 million for development, totaling $861.4 million to complete the system.