[KSCI] Korea Science Citation Index Service

http://dx.doi.org/10.9715/KILA.2016.44.5.081

A Study on Business Value for the Creation of a Private Park regarding Long-term Non-executed Urban Parks - Focused on Long-term Non-executed Neighborhood Park in Gwangju Metropolitan City -

Kim, Ho-Gyeom (Graduate School of Landscape Architecture, Kyung Hee University)
Kim, Dong-Chan (Dept. of Landscape Architecture, Kyung Hee University)

Publication Information

Journal of the Korean Institute of Landscape Architecture / v.44, no.5, 2016 , pp. 81-91 More about this Journal

Abstract

The study shows solutions of long-term unexecuted urban park and activation plans to facilitate the business promotion of Private Park Developers. This study conducted a feasibility analysis to determine if the business of a special case is applicable. The result of this study is as follows about three long-term unexecuted urban parks in Gwangju Metropolitan City's City Park. First, the three long-term unexecuted urban parks in Gwangju Metropolitan City's City Park are the forest type Neighborhood Parks. Businesses of a special case's park developing cost(average 0.4%) have a relatively low percentage. It is most affected by Land Compensation(average 33.8%) and building construction expenses(average 59.1%). Second, long-term unexecuted urban parks' Land Compensation and building construction expenses seed capital are excessive. The Bongsan Park balance floor space index is 179 percent; a reasonable profit floor space index is 220 percent. The Mareuk Park balance floor space index is 351 percent; a reasonable profit floor space index is 420 percent. The Jungoe Park balance floor space index is 327 percent; a reasonable profit floor space index is 400 percent. Third, to facilitate the business of special cases in deliberating, Bongsan Park should change its second class general residential area. Jungoe Park must change the quasi-residential area and semi-residential area. Mareuk Park must change the general commercial area. In this way, the feasibility of promoting private park projects will be improved.

Keywords

Business of Income and Expense; Business of a Special Case; Feasibility Analysis; Gwangju Metropolitan City; Net Present Value(NPV);

Citations & Related Records

Reference

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