Two Approaches to Valuing Some of Bicycle Facilities’ Presumed Benefits

This study uses two different approaches to value the benefits of bicycle lanes and trails. In the first approach, an adaptive stated preference survey is used to measure how much travel time individuals are willing to spend to obtain particular features of on- and off-street bicycle facilities. These findings indicate that bicycle commuters in Minneapolis and St. Paul prefer bicycle lanes on existing streets over off-street bicycle trails, and also prefer them over streets that have no on-street parking but lack designated bicycle lanes. In the second approach, home sales data was used to investigate the effect of bicycle trail proximity on home value. Findings indicate that the three types of bicycle facilities (lanes on existing streets, facilities separated from roadways by curbs or landscaping, and facilities within open spaces) were valued differently. Results also show that bicycle facilities have different values in the city than they do in the suburbs and that bicycle facilities are not always considered an amenity. Although proximity to most bicycle facilities did not significantly affect home values in city neighborhoods, bicycle facilities significantly reduced home value in suburban locations. Home values in both city and suburban neighborhoods were most reduced by proximity to roadside trails.

Language

  • English

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Filing Info

  • Accession Number: 01033480
  • Record Type: Publication
  • Files: TRIS, ATRI
  • Created Date: Sep 24 2006 3:28PM