Sunday, May 23, 2010

Bike paths and real estate

As we pointed out in our report, The Economic Benefits of Bicycle Infrastructure Investments, studies have shown that real estate property values increase with proximity to bicycle paths. People enjoy living close to bike paths and are willing to pay more for an otherwise comparable house to be closer to one. For example homes within a half mile of the Manon Trail in Indianapolis, Indiana, sell for 14 percent more than comparable houses farther away from the trail.

Read more here...

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