Colorado Springs parks enhance economic growth, over 20 million visitors last year

A groundbreaking economic analysis reveals that City of Colorado Springs parks, trails and open spaces generated more than $90 million of economic value from 22 million annual visits in 2024.

The report, from the Trust for Public Land, shows that the parks, trails, and open spaces in the City of Colorado Springs are not just recreational havens but vital economic engines for the community. The 2024 report shows remarkable growth in the economic value of the city's park system since 2017, underscoring the integral role these natural spaces play in enhancing both quality of life and fiscal health.

"The economic impact of our parks and recreational facilities cannot be overstated. They foster healthier communities, enhance our environment, and support local businesses," said Jessie Kimber, City Economic Development Officer. "As we continue to invest in our parks, we create more than just green spaces; we cultivate a vibrant economy in the City of Colorado Springs."

Key Findings from the 2024 Trust for Public Land Economic Impact report:

• Twenty-two million visits to parks and trails in one year!: Residents of Colorado Springs accessed parks and trails approximately 22 million times in 2024. The recreational use value of these visits is estimated at an impressive $91.6 million.
• Soaring property values: Well-maintained parks are a boon for Colorado Springs real estate, resulting in a remarkable $1.1 billion increase in surrounding home values and generating an additional $3.8 million in yearly property tax revenue.
• Outdoor recreation's economic boost: In 2024, local spending on outdoor gear, recreation fees, and admissions to parks and museums poured approximately $192.9 million into the economy.
• Tourism dollars at work: Direct travel spending linked to Colorado Springs' stunning outdoor spaces surpassed $268.6 million in 2023, contributing $10.1 million in local tax revenue.
• Parks keep residents healthier and cut healthcare costs: Active lifestyles nurtured by these parks translate to significant financial benefits, with residents saving an estimated $73.7 million annually on healthcare. Adults aged 18 to 65 save around $1,540 per year, while seniors benefit from average savings of $3,096.

The Colorado Springs Parks, Recreation, and Cultural Services Department manages a vast array of facilities and amenities, including Garden of the Gods Park, Pikes Peak - America's Mountain, four community centers, nearly 19,000 acres of open space and 150 miles of trails. This department is pivotal not only in promoting health and recreation but also in contributing to the local economy.

For more information on the TPL report, visit ColoradoSprings.gov/ParksRecreationandCulturalServicesReports.