New bike lanes in the Brooklyn neighborhood of Bushwick started raising property values within a year.
"Sale prices for buildings on streets with freshly painted bike lanes jumped 16 percent in a matter of months, compared with prices throughout the entire neighborhood that dipped slightly during the same time," reports Gwynne Hogan.
Those figures come from a study completed by Adrew Lax, an independent real estate analyst.
"Purchase prices for homes and commercial buildings along Cornelia Street, Hancock Street, Knickerbocker, Jefferson and Irving avenues, which all got bike lanes in 2016, increased from an average of $348 per square foot in the second half of last year to $402 in sales through June this year," adds Hogan to explain the findings.
FULL STORY: Property Sales Jump 16 Percent Along Bike Lanes in Bushwick, Study Says

Trump Administration Could Effectively End Housing Voucher Program
Federal officials are eyeing major cuts to the Section 8 program that helps millions of low-income households pay rent.

Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

Ken Jennings Launches Transit Web Series
The Jeopardy champ wants you to ride public transit.

Driving Equity and Clean Air: California Invests in Greener School Transportation
California has awarded $500 million to fund 1,000 zero-emission school buses and chargers for educational agencies as part of its effort to reduce pollution, improve student health, and accelerate the transition to clean transportation.

Congress Moves to End Reconnecting Communities and Related Grants
The House Transportation and Infrastructure Committee moved to rescind funding for the Neighborhood Equity and Access program, which funds highway removals, freeway caps, transit projects, pedestrian infrastructure, and more.

From Throughway to Public Space: Taking Back the American Street
How the Covid-19 pandemic taught us new ways to reclaim city streets from cars.
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