Urban bike lanes are good for the economy, report says
For cities struggling to decide whether cycling infrastructure is a sound investment, here’s a compelling reason to make the leap: It boosts business and property values. That’s the conclusion of a new report published by PeopleforBikes and the Alliance for Biking and Walking.
The report, Protected Bike Lanes Mean Business, argues that urban cycling has provided an unexpected economic jolt in five U. S. cities where bike infrastructure is growing.
Segregated lanes, considered safer than bike paths in roads marked by painted lines, also help companies keep employees fit, the report says. The lanes are credited with increasing retail visibility, which can mean higher sales. “It’s an iron law of real estate: land is more valuable if more people can get to it easily,” the report says.
The report profiles entrepreneurs and companies that welcome bike paths. They include Pollinate, an advertising firm based in Portland, Oregon, that attracts talent with its perk of a bike-accessible office.
Michael Andersen, staff writer for the The PeopleForBikes Green Lane Project and co-author of the report, elaborates in this Guardian article.