News - March 14, 2017

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Atlanta needs cycling as a critical part of transportation plan

3.14.17

Many focus on public transit and walkability, but a third key ingredient is bikeability. Those in support of a more bikeable city understand the economic benefits the implementation of more bike lanes will bring to Atlanta.

First, there is a strong correlation between bike lanes and increased property value. For example, Salt Lake City’s Broadway Street replaced parking with protected bike lanes and boosted retail sales by 8.8 percent in the first six months.

Residential property value also increases with bike lanes. Rebecca Serna, executive director of the Atlanta Bicycle Coalition, says both avid cyclists and casual bikers are increasingly likely to pay upwards of $5,000 more for a home if it means more street space.

http://www.bizjournals.com/atlanta/news/2016/12/01/viewpoint-a-great-city-embraces-cycling.html