Central Park

=== Real estate and economy ===
[[File:Lower Central Park Shot 5.JPG|thumb|upright=1|alt=A view of skyscrapers from the Pond, at the southern border of Central Park|Skyscrapers at the southern border of Central Park]]
The value of the surrounding land started rising significantly in the mid-1860s during the park's construction.{{sfn|Kinkead|1990|pp=225–226}}{{sfn|Rosenzweig|Blackmar|1992|pp=268–269}} The completion of Central Park immediately increased the surrounding area's real estate prices, in some cases by up to 700&nbsp;percent between 1858 and 1870.<ref>{{cite journal|last=Beard|first=Charles A|date=May 1926|title=Some Aspects of Regional Planning|journal=[[American Political Science Review]]|volume=20|issue=2|pages=273–283|doi=10.2307/1945139|issn=0003-0554|jstor=1945139|s2cid=147458194 }}</ref>{{sfn|Rosenzweig|Blackmar|1992|pp=85–87}} It also resulted in the creation of the [[zoning]] plan in Upper Manhattan.{{sfn|Rosenzweig|Blackmar|1992|p=88}} Upscale districts grew on both sides of Central Park following its completion.{{sfn|Rosenzweig|Blackmar|1992|pp=291–293}} On the Upper East Side, a portion of Fifth Avenue abutting lower Central Park became known as "Millionaires' Row" by the 1890s, due to the concentration of wealthy families in the area.{{sfn|Rosenzweig|Blackmar|1992|pp=291–293}}{{sfn|Crain|2016|p=80}} The Upper West Side took longer to develop, but row houses and luxury apartment buildings came to predominate the neighborhood, and some were later included in the [[Central Park West Historic District]].{{sfn|Rosenzweig|Blackmar|1992|pp=291–293}}<ref>{{Cite web |url=http://www.neighborhoodpreservationcenter.org/db/bb_files/1990UpperWestSideCentralParkHDVol1.pdf |title=Upper West Side/Central Park West Historic District Designation Report|publisher=[[New York City Landmarks Preservation Commission]]|year=1990|editor-last=Pearson|editor-first=Marjorie|volume=I: Essays, Architects' Appendix|pages=10–11|editor-last2=Urbanelli|editor-first2=Elisa|access-date=May 11, 2020 |archive-url=https://web.archive.org/web/20100311035636/http://www.neighborhoodpreservationcenter.org/db/bb_files/1990UpperWestSideCentralParkHDVol1.pdf |archive-date=March 11, 2010|url-status=live}}</ref> Though most of the city's rich formerly lived in mansions, they moved into apartments close to Central Park during the late 19th&nbsp;and early 20th&nbsp;centuries.{{sfn|Rosenzweig|Blackmar|1992|pp=376–377, 379}}

During the late 20th&nbsp;century, until Central Park's restoration in the 1990s, proximity to the park did not have a significant positive effect on real estate values. Following Central Park's restoration, some of the city's most expensive properties have been sold or rented near the park.<ref name="Sheftell 2010">{{cite web|last=Sheftell|first=Jason|title=Central Park: The world's greatest real estate engine|work=New York Daily News|date=June 3, 2010|url=https://www.nydailynews.com/life-style/real-estate/central-park-world-greatest-real-estate-engine-article-1.178103|access-date=April 19, 2019|archive-url=https://web.archive.org/web/20190419155805/https://www.nydailynews.com/life-style/real-estate/central-park-world-greatest-real-estate-engine-article-1.178103|archive-date=April 19, 2019|url-status=live}}</ref> The value of the land in Central Park was estimated to be about $528.8&nbsp;billion in December 2005, though this was based on the park's impact on the average value of nearby land.<ref>{{cite web|url=http://nymag.com/nymetro/news/reasonstoloveny/15362/|title=Central Park: Because We Wouldn't Trade a Patch of Grass for $528,783,552,000|last=Robledo|first=S.Jhoanna|date=December 15, 2005|work=New York Magazine|access-date=April 19, 2019|archive-url=https://web.archive.org/web/20190329201514/http://nymag.com/nymetro/news/reasonstoloveny/15362/|archive-date=March 29, 2019|url-status=live}}</ref>

In the modern day, it is estimated that Central Park has resulted in billions of dollars in economic impact. A 2009 study found that the city received annual tax revenue of more than $656&nbsp;million, visitors spent more than $395&nbsp;million due to the park, in-park businesses such as concessions generated {{nowrap|$135.5 million}}, and the 4,000 hours of annual film shoots and other photography generated {{nowrap|$135.6 million}} of economic output.<ref name="Crain's New York Business 2009">{{cite web|title=Measuring Central Park perks|work=Crain's New York Business|date=May 29, 2009|url=https://www.crainsnewyork.com/article/20090531/SUB/305319976/measuring-central-park-perks|access-date=August 6, 2020|archive-url=https://web.archive.org/web/20190419155815/https://www.crainsnewyork.com/article/20090531/SUB/305319976/measuring-central-park-perks|archive-date=April 19, 2019|url-status=live}}</ref> In 2013, about 550,000 people lived within a ten-minute walk (about {{convert|0.5|mi|km|disp=or|sp=us}}) of the park's boundaries, and 1.15&nbsp;million more people could get to the park within a half-hour subway ride.<ref name="Sheftell 2010"/>