Navigating Green Infrastructure Maintenance with Capitalized Establishment Costs
For nearly two decades, local stormwater managers have recognized green infrastructure (GI) as an effective, multi-benefit approach to manage stormwater. GI provides significant benefits for combating the water quality and climate change related challenges that municipalities face. In addition, GI is a centerpiece One Water strategy; it can capture and reuse stormwater to enhance water supply reliability, creating resilience to drought. Beyond these water management benefits, GI generates community and economic co-benefits including local green jobs, among others.
Yet, GI has mostly remained on the fringes of stormwater management. A “nice to have” amenity. To realize its potential and have a substantial impact for communities, GI needs to scale up rapidly. Lack of funds to pay for GI maintenance is often cited as a leading barrier to getting to scale.
This Environmental Policy Innovation Center and WaterNow report presents a solution GI practitioners and proponents can add to the toolkit for navigating this funding barrier and getting to scale: ensuring that the three to five-year vegetative establishment period for GI is treated as a capital cost instead of a maintenance expense. Recognizing establishment period costs as capital costs unlocks access to key financing options.
Click below to download the report.
A WaterNow Alliance Initiative
Whether you have a project that needs support or are just dipping your toe in, our team of experts is here to help.