Using tax data, we can analyze the impact of street re-design and transportation enhancements on retail businesses.
The New York City Department of Transportation compared sites where a variety of improvements had been implemented by the DOT to spots nearby and with the borough as a whole.
Overall, the numbers revealed broad economic benefits for the streets that had been changed. According to the tax data, revenue was up 20% over the baseline in the second year after protected bike lanes were implemented in the area.
In another test case, the DOT's main improvements here were changing traffic patterns and improving transit connections, along with better pedestrian signals, crosswalks and shade trees. Retail sales were up 50% by the end of the study period.
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Description:
Using tax data, we can analyze the impact of street re-design and transportation enhancements on retail businesses.
The New York City Department of Transportation compared sites where a variety of improvements had been implemented by the DOT to spots nearby and with the borough as a whole.
Overall, the numbers revealed broad economic benefits for the streets that had been changed. According to the tax data, revenue was up 20% over the baseline in the second year after protected bike lanes were implemented in the area.
In another test case, the DOT's main improvements here were changing traffic patterns and improving transit connections, along with better pedestrian signals, crosswalks and shade trees. Retail sales were up 50% by the end of the study period.
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