A Projection of Economic Impact and Benefits of a Proposed Trail System

Document Type

Article

Publication Date

Spring 2014

Abstract

The purpose of this feasibility study was to justify the rationales for constructing the Dewey Lake Trail System (DLTS) with public funding. The investigators surveyed 119 residents from the surrounding area of Floyd County, Kentucky at the 2011 Jenny Wiley Festival. Results indicated the majority (92%) of the respondents favored the idea of building the trail system. Results also suggested the trail project might attract residents to frequently engage in fishing, walking/hiking, camping, and horseback riding, attending cultural festivals, July 4th fireworks, and other trail and outdoor competitions. The DLTS is projected to generate an annual economic impact of $1.7M to Floyd County, Kentucky. It is logical to assume that the building of the DLTS would be a feasible and profitable endeavor to pursue.

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