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Corresponding Author

El Sharnouby, Haitham

Subject Area

Architectural Engineering

Article Type

Original Study

Abstract

Traditional evaluation of parks and public open spaces almost limited to the aesthetic, cultural, and social values that associated with these utilities. May be because the main motivations for building or conserving public open spaces have not been financial along the history, hence, these public open spaces are often not evaluated in economic terms. This paper will determine the value and characteristics of public open Spaces, and the key dimensions for their management. Specially, analyzing the economic influence on public open spaces especially those are non-vibrant due to lack of maintaining and management and who are the main stakeholders that will benefit from this development economically. Finally, analyzing an example on public open space from the financial and urban point of view, and determine some activities that implemented in this example that maximize the return of investment of parks and public open spaces and implementing them in the case study.

Keywords

Open spaces; Vibrant; Economic; Land; values; return; investment; Tax; Revenue

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