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This Cohort 2 project further refined the municipal natural asset methodology that was piloted in Cohort 1, and added additional practical examples to the evidence base for municipal natural asset management.

Town of Riverview, New Brunswick

The Town explored how to protect and enhance natural assets in a large development area proposed for the Mill Creek Watershed, adjacent to a nature park. The project estimated the value of stormwater management services provided by existing wetlands based on the cost of replacing the same level of service with stormwater management ponds or built wetlands.

Project findings using different scenarios and climate conditions show the wetlands provide a stormwater service value of $1.07 million to $2.89 million.

Town of Riverview

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