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New study shows Norfolk's Elizabeth River Trail contributes millions to the local economy each year

The study offers a better understanding of the trail's impact on surrounding communities.
Credit: Elizabeth River Trail Foundation
Plum Point Park in Norfolk

NORFOLK, Va. — A new study shows the Elizabeth River Trail (ERT) boosts Norfolk’s local economy by $18.7 million each year. 

The 10.5 mile trail located in the heart of Downtown Norfolk runs through businesses, historic attractions, and more than 2 dozen neighborhoods. It offers views of the Elizabeth River to the 624,000 people estimated to use the trail every year. 

The study, conducted by contractor Mangum Economics, divided the trail's local impact into three categories: economic contribution, indirect and induced effects, and total impact — which includes employment, labor income and economic output. 

Analysts found that the ERT produces $677,200 in annual taxes for the city, and more than $2 million in local, state and federal tax revenues. 

It also provides 158 jobs, and $5.8 million is associated wages and benefits. 

Each year, the study found, the city of Norfolk contributes $150,000 to the ERT, and reaps a four-to-one return on that investment.

"The Elizabeth River Trail is more than just a beautiful recreational resource," said ERT Executive Director Kindra Greenel in the announcement. "It's a powerful economic engine, driving job growth, generating tax revenue, and enhancing the quality of life for Norfolk residents and all of Hampton Roads." 

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