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Penn calculates financial toll of blight, violence in Philadelphia | PhillyVoice

Before and after photos of a blighted property in Philadelphia. SOURCE/PENN URBAN HEALTH LAB

Based on these figures and the initial cost of remediation, the first-year return on investment to taxpayers for firearm assaults averted was $5 per abandoned building and $26 per vacant lot. The societal first-year returns on investment for firearm assaults averted were $79 for the remediation of an abandoned building and $333 for the greening of a vacant lot.“The immeasurable pain and void left when lives are lost to firearm violence sends a ripple effect through families and neighborhoods,” said Branas, director of the Penn Urban Health Lab. “This study demonstrates sustainable, replicable strategies that successfully reduce firearm violence. They can transform communities across the country, save lives, and provide well more than a full return on investment to taxpayers and their communities.”

Source: Penn calculates financial toll of blight, violence in Philadelphia | PhillyVoice