Saturday, March 17, 2012

Complete Streets good for business, another case study

Portland, Oregon
Promoting bicycling has great potential to increase overall physical activity; however, significant uncertainty exists with regard to the amount and effectiveness of investment needed for infrastructure. The objective of this study is to assess how costs of Portland’s past and planned investments in bicycling relate to health and other benefits. Gotschi claims by 2040, investments in the range $138 to $605 million will result in:
  • Health care cost savings of $388 to $594 million,
  • Fuel savings of $143 to $218 million,
  • Savings in value of statistical lives of $7 to $12 billion
  • Combined Benefit-cost ratios range 3.8:1 to 1.2:1
  • Combined Benefit-cost using statistical lives range 38:1 to 12:1
  • Portland Bike Plan estimate $130M for 20 years, actual $100M 15 years
  • ONE auto freeway interchange cost $143M in same period 1992-2008
“Costs and Benefits of Bicycling Investments in Portland, Oregon", Thomas Gotschi, Journal of Physical Activity and Health, 2011, 8(Suppl 1), S49-S58, © 2011 Human Kinetics, Inc.

Los Angeles, California
UCLA's Luskin School of Public Affairs assessed the economic impact of the Los Angeles based CicLAvia on local businesses. CicLAvia is the Sunday public event that brings 150,000 visitors to Wilshire Boulevard closed to the automobile. Here are highlights of their results.
  • Businesses experienced a 10% increase in one-day revenue
  • Businesses participating in the event experienced the largest gains
  • Participating business performed exceptionally well, loyalty business less well (dry-cleaners, hair salons).
 Read the full UCLA report here.

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