BikeWalkLee
has for some time focused on showing how a paradigm shift to complete streets
has many benefits that go well beyond safety and livability. FGCU Student Hailey Amundson recently completed a study on the economic benefits of complete streets. Using the Tice neighborhood as a study area, Hailey showed
how a complete street could not only be safe, but economically beneficial.
Among
the many benefits of complete streets are neighborhood revitalization, physical
safety, and individual and community economic growth. This study estimates how an
increase in walkability resulting from constructing complete streets in the
Tice neighborhood has the potential to increase community engagement, property
values, the tax base, and the individual economic prosperity of residents.
The
implementation of safe pedestrian and bicycling facilities is known as complete
streets. Complete streets facilitate a wider range of multi-modal options for
transportation to work, school, grocery stores, and service providers.
This
study uses estimates from the National Complete Streets Coalition that shows
that implementing complete streets has shown to increase property values and
walkability, subsequently raising more funding for the local public schools and
increasing the earnings potential of residents. National estimates cite a one-point
increase in a neighborhood’s walkability with an increase of $700 to $3,000 in
home values.
complete streets drawing for Ortiz Ave. in Tice |
As a result of increased property values, a complete
streets initiatives can lend themselves to improved funding for local public
schools and create an environment attractive to potential homeowners. The
current high numbers of bicycle and pedestrian counts within the Tice
neighborhood—as well as the secondary data from the National Complete Streets
Coalition—suggest that if streets were designed as a complete street, then more
residents would participate in physical activity, engage more as a community,
and enjoy the economic benefits that come from smart investments in
infrastructure. With these positive externalities associated with complete
streets, suggestions for Complete Street policy implementation is recommended.
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