Benefit Values of Small Neighborhood Projects: Manoa Stream Improvement

Abstract

Obtaining broad-based support for government funding of neighborhood projects is often difficult, because residents of the nearby community receive most of the benefits. Therefore, such projects might not be undertaken even though the benefits from them are greater than the costs. Based on a survey of people in the neighborhood, the value of the Manoa Stream Improvement Project was estimated at between $50M and $150M. Respondents indicated that they were willing to donate an average of $4.80 per month to support the project.