Study finds that Ohio bike trail boosts property values

[Oyez Oyez]

Study finds that Ohio bike trail boosts property values

par Oyez Oyez » Jeu Oct 02, 2008 12:30 pm

[img:400:246]http://www.bikingbis.com/_photos/Property.sized.JPG[/img]There's a suburban legend out there that rail-to-trail conversions drive down property values.

Propose a trail on an abandoned railway and you'll hear fear and loathing from neighbors about loss of privacy, increased crime, traffic and noise, all which will affect property values.

A University of Cincinnati master's degree candidate in urban planning decided put those fears to the test by checking data from a populated section of the Little Miami Scenic Trail in southeast Ohio. Her research concluded that the opposite is true.

Duygu Karadeniz discovered that single family home sale prices increase by $7.05 for every foot closer a property is located to the trail. ...

Author: Gene Bisbee
Category: Main Page Bike trails Bicycle Advocacy
Publish Date: Thu, 02 Oct 2008 09:19:00 -0700



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