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<br />ABSTRACf: The hedonic price method was used to estimate residents' willingness to pay <br />for improvements in urban streams. This study examined California's Department of Water <br />Resources Urban Stream Restoration Program to determine the economic value of stream <br />restoration measures such as reducing flood damage and improving fish habitat. Seven <br />projects from three counties-Contra Costa, Santa Cruz, and Solano-were pooled for <br />analysis. Property prices in areas with restored streams were found to increase by $4,500 to <br />$19,000 due to stabilizing stream banks and acquiring land for education trails. This <br />amounts to 3 to 13 % of the mean property price in the study. Recommendations for <br />facilitating further analysis are made and implications for quantifying the benefits of similar <br />programs in other states are provided. <br /> <br />Key words: non market valuation, willingness to pay, water quality, property values. <br /> <br />. <br /> <br />. <br /> <br />. <br />