Real estate listings tout proximity to it, retailers want to be near it, and communities are clamoring for it; Capital Bikeshare has become an economic development tool that some think could be as potent as cars and Metro in guiding development.
"Capital Bikeshare is doing more than moving people around on red bikes," reports Kytja Weir. "It's also helping sell houses and apartments and draw people to businesses."
"The bike-sharing system, which has more than 175 docking stations across the District, Arlington and Alexandria, has become the latest tool to spur development and attract young people. Soon it will be coming to Montgomery County, and other communities are trying to bring it to their neighborhoods."
"Craigslist showed 72 active housing listings touting proximity to bikeshare on Friday," she adds. "It is featured on Airbnb as a perk for visiting tourists seeking to rent out locals' homes. Wal-Mart is planning to add the docking stations to its stores coming to the District, according to bikeshare officials."
"Christopher Leinberger, a George Washington University professor and Brookings Institution fellow, said that Capital Bikeshare could become akin to cars and Metro in changing the dynamics of development around the region. Leinberger has studied the economic impact of Metrorail, which has spurred billions of dollars of development around the region in the past 37 years. 'It could be that significant and yet it's really cheap,' he said."
FULL STORY: Capital Bikeshare becoming an economic development tool
DC Bikeshare System Breaks Ridership Record
Capital Bikeshare users took over 20,000 rides on one day in March.
D.C.'s Ambitious Bike Infrastructure Plans
The District of Columbia plans to install ten miles of protected bike lanes this year, among other improvements including additional bike parking and more e-bikes for the Capital Bikeshare fleet.
D.C. Plans More Regulations for Micromobility Operators
Operators are pushing back against new proposed rules that some say could 'kneecap' the District's micromobility industry.
Depopulation Patterns Get Weird
A recent ranking of “declining” cities heavily features some of the most expensive cities in the country — including New York City and a half-dozen in the San Francisco Bay Area.
California Exodus: Population Drops Below 39 Million
Never mind the 40 million that demographers predicted the Golden State would reach by 2018. The state's population dipped below 39 million to 38.965 million last July, according to Census data released in March, the lowest since 2015.
Chicago to Turn High-Rise Offices into Housing
Four commercial buildings in the Chicago Loop have been approved for redevelopment into housing in a bid to revitalize the city’s downtown post-pandemic.
Google Maps Introduces New Transit, EV Features
It will now be easier to find electric car charging stations and transit options.
Ohio Lawmakers Propose Incentivizing Housing Production
A proposed bill would take a carrot approach to stimulating housing production through a grant program that would reward cities that implement pro-housing policies.
Chicago Awarded $2M Reconnecting Communities Grant
Community advocates say the city’s plan may not do enough to reverse the negative impacts of a major expressway.
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