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When Does a Bike Lane Become an Economic Stimulus?
Posted by Julia Klaiber on April 22, 2010 |
When it's part of an alternative transportation system that puts $19 billion into New York City's economy each year.
In time for Earth Day, the New York City Department of Transportation released New York City's Green Dividend, a report by CEOs for Cities that, for the first time, aggregates the economic value of walking, biking and transit to the New York City economy.
New Yorkers would spend $19 billion more per year on auto-related expenses if, on average, they drove as much and owned as many cars as residents of other large U.S. cities. They would own a staggering 4.5 million additional cars (requiring a parking lot the size of Manhattan to hold them!), consume 2.4 billion more gallons of gas and produce 23 million more tons of carbon emissions every year.
NYC DOT Commissioner Janette Sadik-Khan announced the report at our Strategy Session this week in New York, calling it "a sustainable economic model that we can't take for granted" and a reminder of "what we stand to lose if we don't keep up our investment."
New York City’s $19B Green Dividend
Posted by Julia Klaiber on April 21, 2010 | News
When does a bike lane become an economic stimulus? When it's part of an alternative transportation system that puts $19 billion into New York City's economy each year.
Because New Yorkers drive substantially less than the average American, they realize a staggering $19 billion in savings each year ? money that their counterparts in other large U.S. metro areas spend on auto-related expenses. This is the principal finding of New York City?s Green Dividend, a report by CEOs for Cities for the New York City Department of Transportation released on Earth Day 2010.
The Leading Real Estate Developer in New York
Posted by Julia Klaiber on March 26, 2010 |
The L.A. Times featured this terrific review of NYC Transportation Commissioner Janette Sadik-Khan’s keynote remarks at last week’s L.A. StreetSummit at Occidental College.
Janette, who is responsible for 6,000 miles of streets and highways, nearly 800 bridges, 1.3 million street signs, 300,000 streetlights and 12,000 signalized intersections, told the captivated audience that she considers herself to be “the leading real estate developer in New York.”