New Horizons in Environmental Economics series
Edited by Fred J. Hitzhusen
Chapter 11: The Cuyahoga River Valley Initiative: Framing, Codification, and Preliminary Economic Analysis in an Urban River Corridor
11. The Cuyahoga River Valley initiative: framing, codiﬁcation, and preliminary economic analysis in an urban river corridor Fred J. Hitzhusen, Sarah A. Kruse, Ashraf Abdul-Mohsen, Joana J. Ferreti-Meza, and Marc Hnytka INTRODUCTION As a capstone case for this book this chapter demonstrates the process of framing a set of critical issues in an urban river corridor, codifying supply and demand factors, outlining a research plan, and developing some preliminary hedonic and beneﬁt transfer estimates to start the analysis and decision-making process. The framing, codiﬁcation, and research phase subsets were developed under a seed grant from the Cleveland Foundation for the Cuyahoga County Planning Commission. The preliminary beneﬁt transfer economic estimates were part of a class assignment for a course (AEDE 631) on beneﬁt–cost analysis taught at The Ohio State University (OSU) by Professor Hitzhusen, autumn quarters 2004 and 2005 and the hedonic pricing estimates are from an MS thesis by Joana Ferreti-Meza. The Cuyahoga River, located in northeast Ohio, is probably best known as “the river that caught on ﬁre” and started a major environmental movement in the United States. Since that time, as a result of various clean-up and restoration eﬀorts river function has improved and now provides both local citizens and tourists with more attractive amenities for recreation, relaxation, and enjoying the scenery. However, much remains to be done to restore and enhance the river. The Cuyahoga Valley Initiative (CVI) is an ongoing eﬀort to promote and improve the quality...
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