Friday, March 2, 2012

Portland study shows $6.50 benefit for $1.00 of cycling investment

Thomas Gotschi, formerly of the Rails-to-Trails Conservancy, presented a cost-benefit analysis of bike infrastructure and promotion in the city of Portland, Oregon. We all know that bicycling has many benefits, but if a city invests in bicycling, exactly how long does it take to officially break even on that investment? Since 1991, Portland has spent $64 million on bicycling paths, lanes, and programs. There are a lot of people reaping the benefits of bicycling there now, but it won’t be until 2017 that enough has been saved on health care and fuel for the city to recoup its investment. However, the wait is worth it: by 2040, Portland will have saved $1 billion in healthcare expenses thanks to bikes. That’s a profit of $6.5 dollars for every dollar invested in bicycling. Full Article People for Bikes here.

1 comment: