Social and Behavioral Sciences Commons^™

Purchase Of Development Rights In Fayette County: A Hedonic Price Analysis Of Easement Payments, Perry A. Papka

MPA/MPP/MPFM Capstone Projects

In January of 2000, the Lexington-Fayette Urban County Government established a purchase of development rights (PDR) program as part of the comprehensive Rural Service Area Land Management Plan. The goal of the program is to purchase conservation easements on 50,000 acres of farmland and natural areas within the county by the year 2020. By purchasing the development rights of these lands, the program intends to preserve the agricultural and natural character of the county that development pressures otherwise threaten.

Typically, PDR programs calculate the value of a conservation easement by subtracting the current value of the property with the …

Economic Impact Study For Lexington-Fayette Urban County Government Division Of Parks And Recreation, Melynda L. Milburn

MPA/MPP/MPFM Capstone Projects

When requesting funds, planning activities or soliciting input from the public or elected officials, the Lexington-Fayette Urban County Division of Parks and Recreation needs to be able to document the economic impact of its activities. The challenge is a lack of data to illustrate that impact. Considering this information gap, it would be even more difficult to gain support for a consistent funding source based on the economic impact of Lexington Parks and Recreation programs.

The intention of this capstone is to answer the following questions:

• Does Lexington Parks and Recreation have an impact on money being brought into Fayette …