Document Type

Internship Report

Publication Date

Fall 2013

Abstract

Biscayne Bay is surrounded by the large and diverse metropolitan area of Greater Miami and Miami Beach. Biscayne Bay is an important component of the County’s quality of life and economy. The Biscayne Bay Aquatic Preserves share the bay with Biscayne National Park, formerly Biscayne National Monument. The Biscayne Bay Aquatic Preserves (BBAP) recently developed a management plan to outline their goals and objectives for managing the bay. The goals include improving management effectiveness through consistent evaluation reassessment. Since the Biscayne Bay Economic Study of 2005, there has been no reassessment of Biscayne Bay’s economic contribution to Miami-Dade County. The recreational sector is a major contributor to the bay’s overall economic worth, as seen from the 2005 study. Building upon the available information surrounding the recreational industries, this study determined the present value of Biscayne Bay-related recreation and determined from the businesses’ point of views how much the bay is worth. The study provides valuable information for the Biscayne Bay Aquatic Preserves and management of Biscayne Bay. An improved understanding of the economic role of the bay provides greater insight into which recreational activities should be promoted in the development of the area’s economy. From the survey results and the new value for Biscayne Bay-related recreation, Biscayne Bay clearly remains a big contributor to Miami-Dade County’s economy, not only from revenue at state parks and Biscayne National Park, but as an extremely important asset to the success of local businesses.

Comments

Department: MAF

MPS Track: CZM

Location: Friends of Biscayne Bay and the Biscayne Bay Aquatic Preserves

For UM Patrons Only

Share

COinS