The Economic Benefits of Safe Streets: A Win-Win for Our Community

Pedestrianized public spaces can attract foot traffic, leading to increased sales for shops and restaurants.

At Sunnyvale Safe Streets, we believe that safe streets are not only essential for the well-being of our residents but also vital for our local economy. In this article, we will explore the numerous economic benefits of investing in safe streets and how it creates a win-win situation for our community.

Fear of Change

Some businesses are in opposition to making streets safer, prioritizing cars instead. They voice opinions against adding bike lanes primarily because they believe this will reduce parking spaces, making it harder for customers to visit their stores by car. They worry that this could negatively impact their sales and profitability. Additionally, there's often a fear that changes to street layouts might disrupt the flow of traffic and deter potential customers. However, these opinions have been refuted repeatedly by many studies conducted across the country.

Boost to Local Businesses

Studies have consistently shown that pedestrian-friendly streetscapes with amenities like bike lanes, wider sidewalks, and pedestrianized public spaces can attract more foot traffic, leading to increased sales for shops and restaurants. For example, a study by the National Association of City Transportation Officials (NACTO) found that retail sales increased by up to 30% after the implementation of protected bike lanes in New York City. In Salt Lake City, a similar study has shown the proven benefit to local businesses after converting car parking to bike lanes. In this study, 59% of businesses surveyed were supportive of the changes, citing increased foot traffic and a more vibrant neighborhood atmosphere.

Local examples of thriving pedestrianized streets include Sunnyvale's Murphy Street, Mountain View's Castro Street, and Palo Alto's California Avenue. On a typical day, one can find these streets busy with dining and shopping patrons.

Increased Property Values

Safe streets can also lead to increased property values. Homes located in walkable neighborhoods with access to amenities and safe infrastructure are highly desirable, leading to higher property values and increased tax revenue for the city. A study by CEOs for Cities found that homes in walkable neighborhoods command a price premium for local properties. This translates to a significant increase in the overall tax base, providing more resources for essential city services.

Improved Health and Productivity

Beyond the immediate economic impact, safe streets contribute to a healthier and more productive community. By enabling access to active transportation like walking and cycling, we can reduce healthcare costs associated with sedentary lifestyles and chronic diseases. Moreover, safe streets can improve access to employment opportunities, particularly for those who rely on public transportation, prefer not to drive drive, or do not want to sink money into owning a car.

Let's Work Together

Investing in safe streets is a smart investment that yields substantial economic returns. By creating vibrant, people-centered streets, we can attract new residents, boost local businesses, improve property values, and foster a healthier, more prosperous community for all. Let's work together to make Sunnyvale's streets safer and more vibrant for everyone. 

References

• Smart Growth America, "Safer Streets, Stronger Economies"

• Strong Towns, "Streets are for Building Community Weath"

• Kittleson & Associates, "Myth Busters: Are Bike Lanes Bad for Business?"

• Wired, "The Battle Over Bike Lanes Needs a Mindset Shift"

• Cambridge Econometrics, "Economic Benefits of Complete Streets Investments in Massachusetts"

• New York City Department of Transportation, "The Economic Benefits of Sustainable Streets"

• 300 South Progress Report, Salt Lake City, "Broadway Protected Bike Lane"

• American Trails, "Walking the Walk: How Walkability Raises Home Values in US Cities"

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About the Author

Alon Golan has lived in the Bay Area for over 2 decades. He strongly believes in making the streets safe for all modes of transportation, young and old alike.