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Urban Forest Financials

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Real live greenery is sparse in a concrete jungle like New York City, and if you want to cut down a healthy street tree, it will cost you?a lot. Home builders in Staten Island have been charged $15,000 to more than $100,000 (erroneously, one person was even charged a whopping $300,000) by the city for chopping down trees. But can you really put a price on the shady, leafy goodness an 80-year-old tree provides? Oh yes. And the Parks Department has a very specific formula that factors in species, height, trunk size, foliage, and location. [Crain's]