It seems that often, when a city decides to add bike lanes to urban-corridor streets, people complain that the loss of onstreet parking will have a detrimental effect to businesses in the area.
Recently, though, New York City released a report that showed some areas with a whopping 49% INCREASE in retail sales adjoining the bike lane. From the America Bikes blog:
A new study from the New York Department of Transportation shows that streets that safely accommodate bicycle and pedestrian travel are especially good at boosting small businesses, even in a recession.
NYC DOT found that protected bikeways had a significant positive impact on local business strength. After the construction of a protected bicycle lane on 9th Avenue, local businesses saw a 49% increase in retail sales. In comparison, local businesses throughout Manhattan only saw a 3% increase in retail sales.
We’ve talked about bike/ped infrastructure and its ability to rejuvenate businesses before (particularly in our Long Beach coverage) — I’d like to see more studies like this to see if it is a regional trend or a phenomenon that occurs nationwide. Anyone seen a national-level study of this nature? If so, let us know in the comments below.