Monday, March 14, 2011

Economics of graffiti cleanup

the value created if graffiti was cleaned from the area would be larger.    in a large block, eg, 18th to 19th, Mission to Valencia, there would be about 80 properties.   Estimate a million each property.  80 million.  A permanent wide spread reduction in graffiti would raise property values by estimate 1%.   So the value for a single large block would be $800,000.

Does that sound like correct  the order of magnitude?

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