The ECOreport looks at a report from British Columbia, Pedestrians & cyclists contribute to Vancouver’s downtown businesses.
By Roy L Hales
Contrary to what some urban business owners expected, the global shift to alternate transportation has not adversely effected their revenue streams. A study from Portland, Oregon, found that “cyclists spent less than drivers on grocery trips, but more at restaurants, bars, and convenience stores.” The average pedestrian or cyclist in Manhattan’s East Village spends $15 to $20 more per month. A University of Melbourne report pointed out (pp 38, 39) that as six bikes fit into one car park, car drivers need to spend six times as much as cyclists to produce the same economic benefit. A new report shows the transition taking place in British Columbia, where pedestrians & cyclists contribute to Vancouver’s downtown businesses.