As summer approaches and temperatures soar, one of the most dangerous places for Bay Area students might actually be the playground.

On a hot, sunny day, the asphalt on school playgrounds can reach 149 F, while a rubber mat can reach 165 F, according to UCLA’s Luskin Center for Innovation. That’s hot enough to cause a third-degree burn. But a little shade can go a long way to help kids cool off.

In an effort to provide more green on Bay Area schoolyards — many of which are expanses of barren asphalt without grass, shade or trees — and lower the impact on students’ health, the Trust for Public Land, a national nonprofit that works to create parks and protect public land, is campaigning for $1 billion from the state legislature to transform those playgrounds.

“If you look at our elementary schools in many cases, you don’t see nature. It’s all about blacktop, asphalt,” said Guillermo Rodriguez, the Trust for Public Land’s California director. “(At) some of the schools that we’ve targeted for green schoolyards, playgrounds have turned into parking lots for teachers and staff because the kids weren’t using it.”

Rodriguez said the core feature of a green schoolyard is the replacement of asphalt with natural materials, but can also include planting more trees and incorporating nature into the space.

“The policies of how we build public schools are still so antiquated,” Rodriguez said. “(It’s) very much focused on four walls and a roof and not the campus. We’re really trying to change the way that schools are built, designed and redeveloped.”

The Trust for Public Land partnered with Oakland Unified School District in 2018 to begin transforming the district’s playgrounds into green spaces. Through the Oakland Green Schoolyards program, the nonprofit has revamped four campus schoolyards — including the Cesar E. Chavez Education Center — to be safer and more eco-friendly.

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The district has 14 additional schools with planning projects in the works, including Horace Mann and Fruitvale elementary schools, West Oakland Middle School and Coliseum College Prep Academy.

“Hundreds of students at Oakland schools have already gotten to play, learn and be closer to nature on Trust for Public Land playgrounds and we’re excited for all students whose schools will receive these same kinds of upgrades,” said district Superintendent Kyla Johnson-Trammell.

In his budget revision unveiled last week, Gov. Gavin Newsom eliminated the remaining $375 million for the School Facilities Aid Program, which provides funding to school districts for facility-related repairs and construction.

But the state legislature is currently considering two bills – Senator Steve Glazer’s SB 28 and Assemblymember Al Muratsuchi’s AB 247 –  that would place a $14 billion to $15.5 billion bond measure on the November ballot to fund construction and modernization of school facilities.

The Trust for Public Land’s request would include a $1 billion allocation in the bond for green schoolyard funding.

Rodriguez said the nonprofit was inspired to campaign for the $1 billion allocation after witnessing the success of the 2022-23 CAL FIRE Urban and Community Forestry Green Schoolyards grant program.

Under CAL FIRE’s grant, the state awarded a total of $117 million to nearly 30 schools and nonprofits to design and build their own projects. Awards ranged from $200,000 to $21 million.

Rodriguez said $1 billion could fund projects at nearly 500 high-priority schools. But he acknowledged the risk that voters might not support a multi-billion dollar bond measure.

The last statewide school bond proposal, Prop 13, was rejected by California voters in 2020. The bond measure would have borrowed $15 billion to modernize and build public schools and colleges.

“I think there is some general concern,” Rodriguez admitted. “Are voters in California comfortable, willing and ready to make important investments in public infrastructure, like our public schools?”

Rodriguez said by including green schoolyards in the facilities bond, they gain climate-focused voters and increase the likelihood of passing the bond measure.

“Over 100 million people don’t live within a 10-minute walk to a quality park or open space,” but they probably live within walking distance of a school, he said.

“If California does this, it’ll be the first state in the country to really do this in earnest from a state policy perspective,” Rodriguez said. “We can really move the park equity needle significantly in this country.”

The stock market’s venerable yardstick, the Dow Jones Industrial Average, just made history – crossing 40,000 for the first time.

Yes, this milestone set Thursday, May 16, is only a brief emotional victory for shareholders. Yet it can be seen as a historical milepost for the broader business climate, especially in California.

To honor the moment, the trusty spreadsheet reviewed the Dow’s 5,000-point markers and how California fared in those periods using an economic metric (California unemployment), an interest rate (the average 30-year fixed mortgage), and home prices from the California Association of Realtors.

As we begin our data-filled voyage, let’s note the Dow first crossed 5,000 in November 1995 — back when you could buy the median-priced California single-family home for $176,000.

5,000-point mileposts

Dow passes 10,000 in December 1999: It took the stock index just over four years to double from 5,000 compared with a 28% gain for California homes to $225,000 in the same timeframe. This was an era when the economy broke loose from its early 1990s slumber. California unemployment dipped between 1995 and 1999 to 5% from 7.9% while mortgage rates rose to 7.9% from 7.4%.

15,000 in May 2013: The Dow needed more than 13 years to gain 50% to hit this benchmark vs. an 85% surge for homes statewide to $417,000 in the same period. This extended gap came during the financial rollercoaster ride from the bubble period in the early 2000s bursting into a Great Recession and then the economy’s slow recovery. So, California unemployment was 9.2%, up from 5% at the beginning of this crazy period. Yet, cheap money was one salve: 3.5% mortgages vs. 7.9% in 1999.

20,000 in January 2017: The Dow took under four years to gain 33% to gain the next 5,000 while homes statewide gained 18% to $492,000 as the post-crash rebound continued. California unemployment fell to 5.2% from 9.2%  as mortgage rates ticked up to 4.2% from 3.5% in 2013.

25,000 in January 2018: The Dow needed just one year to gain 25% for its next benchmark vs. a 7% gain for California homes to $528,000 as the recovery hit full stride. California unemployment dipped to 4.4% from 5.2% while mortgage rates slipped to 4% from 4.2% in 2017.

30,000 in November 2020: The index took just under three years to gain 20% vs. 32% for California homes to $699,000 in the middle of the pandemic’s business wild gyrations. California unemployment surged to 9% from 4.4%  – but investors cheered historically cheap money such as mortgages hitting 2.8%, falling from 4% in 2018.

35,000 in July 2021: It took the Dow less than a year to gain 17% vs. 16% appreciation for California homes to $811,000 as the pandemic’s economic surge was in full force. Statewide unemployment fell to 7.4% from 9% and mortgages remained cheap – 2.9% vs. 2.8% in 2020.

40,000 in May 2024: The Dow took almost three years to gain 14% vs. an 11% gain for California homes to a record $904,000 in April. The economy struggles to find its new normal as statewide unemployment fell to 5.3% in April from 7.4%. But mortgages got expensive as the Federal Reserve fought and overheated economy – 7% in April from 2.9% in 2021.

Bottom line

So, the Dow is up eight-fold since crossing 5,000 just over 28 years ago. California homes are only five times more expensive.

That’s not the point, though. This stroll down memory lane reminds us that the markets typically need a solid economy for stocks or homes to appreciate. Cheap money is the icing on the cake.

Jonathan Lansner is the business columnist for the Southern California News Group. He can be reached at jlansner@scng.com