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Old 04-11-22, 03:45 PM
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genec
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I've heard the argument against a path as "it lowers your property value."

Opponents to bike path and trail projects often say that property values will be adversely affected but there is not much evidence of this. The National Parks Service hits the mark when they say, “Increases in nearby property values depend upon the ability of developers, planners and greenway proponents to successfully integrate neighborhood development and open space.

The majority of studies examined indicate that the presence of a bike path/trail either increases property values and ease of sale slightly or has no effect. Studies have shown that neighbors of many bike paths/trails feel that the quality of life of their neighborhood has been improved, that the trails were a good use of open space, and in the case of abandoned railways were an improvement from before the trails went in. There is definitely a large portion of the population that sees bike paths as an amenity and will seek out residences near trails, parks, and other natural resource areas. Some studies express that those recently moving into areas near bike paths are generally more favorable to them than those who have lived in neighborhoods before the construction of a trail. In some areas a large majority of neighbors are very happy with the trails, even some who were originally opposed to their construction.
https://headwaterseconomics.org/wp-c...tial-areas.pdf
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