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

Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.

National Parks Layoffs Will Cause Communities to Lose Billions
Thousands of essential park workers were laid off this week, just before the busy spring break season.

Retro-silient?: America’s First “Eco-burb,” The Woodlands Turns 50
A master-planned community north of Houston offers lessons on green infrastructure and resilient design, but falls short of its founder’s lofty affordability and walkability goals.

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Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.

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