The Center Parcs/Develop Expansion Plan for the State of Washington
Introduction
-Center Parcs Development Division (CPDD) -
The Center Parcs Development Division is a UK based company, founded in the Netherlands in 1968. We have over 26 resorts globally and see the eastern part of the state of Washington as the best place to create our first resort in the U.S.
-Ex-ante Analysis-
In the state of Washington, the CPDD owns land already approved for a resort and residential areas, located adjacent to the proposed preserve. The size of the proposed preserve is 50,000 hectares, with a local county population of 100,000 residents. Our company mission is to maximize profits on our land investments, in the most sustainable way. Maximizing profits …show more content…
From a statewide private enterprise perspective, we are primarily concerned about benefits and costs that will be included in our bottom line. The U.S. Congress has not designated the preserve as national, and therefore our developments are unlikely to be frequented/purchased by people outside of the state. Our goods and services can only be afforded by the highest 20 percentile of income earners in the U.S.. Our company is most concerned with the $1,000,000 lost each year in PS, for ten years, because it represents an opportunity cost that can not be negated through increased benefits, under the without (status quo, SQ) condition of the 50,000 hectares of private land. None of the benefits associated with higher value, due to improved habitat condition ($32 per person, per night for us), could offset the loss PS under the SQ. This value of $32 was derived from a travel cost model for Yellowstone national park; in the study a low bound value of $323 was stated for the cluster of visitors who consider themselves creatures of comfort/big spenders (Benson et al., 2013). We reduced the value by one order of magnitude to indicate that we are dealing with a state preserve, as oppose to a national park. The overriding issues associated with improving both ecosystem services and human well being, under the Millennium Ecosystem Assessment framework, are sustainable use of ecosystem services, tradeoffs among different services, the spatial flow of services, and economic feedbacks in ecosystem service markets (Tallis et al., 2008). Time constraints prevented us from investigating these issues, and instead we tried to focus on the ecosystem services of clean air, clean water, and increased biodiversity, as they all have threshold values for which a customer may decide to not live in our residential area or visit our park. Through innovative
Introduction
-Center Parcs Development Division (CPDD) -
The Center Parcs Development Division is a UK based company, founded in the Netherlands in 1968. We have over 26 resorts globally and see the eastern part of the state of Washington as the best place to create our first resort in the U.S.
-Ex-ante Analysis-
In the state of Washington, the CPDD owns land already approved for a resort and residential areas, located adjacent to the proposed preserve. The size of the proposed preserve is 50,000 hectares, with a local county population of 100,000 residents. Our company mission is to maximize profits on our land investments, in the most sustainable way. Maximizing profits …show more content…
From a statewide private enterprise perspective, we are primarily concerned about benefits and costs that will be included in our bottom line. The U.S. Congress has not designated the preserve as national, and therefore our developments are unlikely to be frequented/purchased by people outside of the state. Our goods and services can only be afforded by the highest 20 percentile of income earners in the U.S.. Our company is most concerned with the $1,000,000 lost each year in PS, for ten years, because it represents an opportunity cost that can not be negated through increased benefits, under the without (status quo, SQ) condition of the 50,000 hectares of private land. None of the benefits associated with higher value, due to improved habitat condition ($32 per person, per night for us), could offset the loss PS under the SQ. This value of $32 was derived from a travel cost model for Yellowstone national park; in the study a low bound value of $323 was stated for the cluster of visitors who consider themselves creatures of comfort/big spenders (Benson et al., 2013). We reduced the value by one order of magnitude to indicate that we are dealing with a state preserve, as oppose to a national park. The overriding issues associated with improving both ecosystem services and human well being, under the Millennium Ecosystem Assessment framework, are sustainable use of ecosystem services, tradeoffs among different services, the spatial flow of services, and economic feedbacks in ecosystem service markets (Tallis et al., 2008). Time constraints prevented us from investigating these issues, and instead we tried to focus on the ecosystem services of clean air, clean water, and increased biodiversity, as they all have threshold values for which a customer may decide to not live in our residential area or visit our park. Through innovative