PEDESTRIAN MOBILITY GOOD FOR ECONOMY

For many years, we’ve known about the benefits of reducing automobile dependency in cities. Environments that prioritize pedestrians, cycling and public transit over automobile mobility are cleaner, healthier, quieter, more pleasant and more conducive to outdoor activity.

According to a recent article by Forbes writer, Carlton Reid, cities that reduce automobile dependency see a boost in retail spending.

This is another example of how good design decisions can yield social, environmental and economic benefits. Read the full article here.

Twenty million anonymized transactions were analyzed by the bank and Madrid city council, and it was discovered that the decision to limit road access to the city center by motorists led to a 9.5% increase in retail takings on Madrid’s main shopping street, the Gran Vía.

– Carlton Reid

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