Schuyler Flatts Greenway Presented by Jason Quick Maps

Schuyler Flatts Greenway Presented by, Jason Quick- Maps and images Laura Moscovic - Benefits David Bremser- Costs Craig Pearce - Funding

• A local Nature Path will • Health Benefits • Increase Property Values • Social Benefits for the surrounding community

Overview of Proposed Greenways

Schuyler Flatts Greenway Rural Cemetery route

Greenway Details Ø 2 miles of protected greenway space ØProvides a safe and convenient place that the community can use for personal recreation ØConnects the local residents to Schuyler Flatts park and the residing Albany Bike Path ØSimple dirt path with low OEM and initial costs

Parking Entrance (Schuyler Street)

Pedestrian Entrance (Spring Street)

Schuyler Flatts Park (Albany Bike Path)

$119, 963 Discounted (benefits). 04 for 60 years Average Health Benefit Months used Population in Colonie Daily Use 30 Students at Siena Houses Surrounding Housing Increase $430. 10 per year ($1. 18/day) 5 Months 75, 000 3, 500 12 $2, 675

Property Value Benefits $184, 712 Discounted (benefits). 04 for 1 year • Houses Surrounding (directly) 12 • Houses Surrounding (indirectly) 200 • Property Value Increase (direct) $2, 675 • Property Value Increase (indirect) $800

Other Benefits • Path becomes a regional connector (To River/Park and Bike Path) • Social Interactions • Working outdoor classroom (students, boy/girl scouts and clubs) • Preserve land history • Flood Management

• Construction costs: $2, 500 per kilometer= • • $7, 615. 45 30 -Year maintenance cost: ($500 per mile per year)= 16, 340. 97 Parking lot cost: $9, 000. 00 – Tom Thornton of Smith's Paving and Seal Coating • Sign cost: 3 x $500 + 2 x $100 + 10 x $75= • • $2, 450 Permit cost: $3, 540. 64 Total NPV of costs=$38, 947. 06

Benefit Cost Analysis • NPV of costs=$38, 947. 06 • NPV of Benefits=$304, 675 • NPV of project= $265, 727. 94 • BCR=7. 8227

• Hudson River Valley Community Council – Established to coordinate with local and county governments to enhance land use and planning techniques – Advance the state’s commitment to the preservation, enhancement and development of scenic, natural, historic, cultural and recreational resources of the Hudson River Valley while continuing to emphasize economic development activities • Offers grants to organizations/projects that provide • natural resource protection, cultural resource protection, scenic resource protection, and open space protection Since the Kromma Kill is an important resource to the Hudson River, our protective corridor-greenway would be very attractive to the HRVG Council