Opening a Public Recreation Area to Revitalize Coastal Communities and Preserve Natural Resources in Louisiana: The Case of Elmer's Island

Krishna Paudel, Rex H. Caffey, Nirmala Devkota and Larry M. Hall

Journal of Agricultural and Applied Economics, 2005, vol. 37, issue 2, 475-484

Abstract: The income capitalization approach is used, based on expenditure and nonmarket values collected from travel-cost and contingent valuation methodologies, to measure the feasibility of running a self-sustaining recreational site in coastal Louisiana. Through Internet and intercept surveys, a total of 2,696 respondents, 88% of them anglers, provided information on economic expenditures, destination preferences, and preferences for specific site amenities regarding Elmer's Island. The purchase and subsequent opening of the area to the public were found to be self-sustaining even when considering conservative economic estimates.

Date: 2005
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Journal Article: Opening a Public Recreation Area to Revitalize Coastal Communities and Preserve Natural Resources in Louisiana: The Case of Elmer's Island (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:cup:jagaec:v:37:y:2005:i:02:p:475-484_00

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