Yet another report that making a street pedestrian, bike and transit friendly is a huge benefit to business:
The Bloomberg administration has long trumpeted the safety benefits of its many roadway initiatives, hoping to rebuff critics who consider the policies to be undue interventions from a meddling city.
And in a report unveiled on Wednesday, the city’s Transportation Department says it has identified another benefit to pedestrian plazas, bike lanes and a rapid-transit bus system: Businesses that operate nearby have seen a pronounced bump.
“These projects are not just about the quality of life or aesthetics,” Janette Sadik-Khan, the city’s transportation commissioner, said in a phone interview. “In case after case, these projects really do set the table for economic development.”
Read the full post: “Transit Initiatives Are Giving a Boost to Businesses, a Report Says” on the New York Times’ City Room .Wed, Feb 24: Come to the Toronto Bike Awards!