I rather frivolously, whimsically, and very non-rigorously calculate a value of $16,000 of free parking benefit per mile (per year) of bike lane.
Autocase for Buildings has a Triple Bottom Line Cost Benefit Analysis (TBL-CBA) for bicycle infrastructure. If you are interested in bike infrastrcture, you might want to attend American Public Works Association webinar “Bicycle Infrastructure – Where the Rubber Meets the Road” on Wednesday, May 18, 2017 11am-1pm ET.
Cycling Benefits & Bike Infrastructure
By providing buildings with bicycling infrastructure and encouraging cycling and driving less:
- Carbon emission are reduced
- Air quality is improved
- Congestion is reduced
- Accident costs are reduced
- Vehicle operating costs fall
- And bike infrastructure in a building will increase occupancy rates and yield a rental rate premium
That’s a pretty comprehensive list of benefits. And we apply them to many types of bike infrastructure:
- Bike Racks
- Bike Cages
- Bike Lockers
- Wall Mounts
- Weather Protection
- Bike Lanes
However as a cyclist I am always looking for a better way to make the case for cycling infrastructure.
Non-Rigorous Whimsical, Frivolous Analysis
The following proposes an addition to our TBL-CBA and uses a NRWFA (Non-Rigorous Whimsical, Frivolous Analysis) approach.
Here is what I observe:
- Parking is valuable.
- While drivers don’t pay for it, they do benefit.
- In a 9.5mi/40 min. commute I see this on average 6 times (95% confidence interval 1-10).
How to value the benefit to car drivers of the free parking that is available to them for every mile of bike lane the city installs?
- Costs per space $670- $4,000 annually (estimates vary from the low case that assumes free land to the cost in central business districts). (Transportation Cost and Benefit Analysis II – Parking Costs Victoria Transport Policy Institute)
- External costs $1,100 per year (Ibid. N.B. Not including increased cyclist risk).
|Non-Rigorous Whimsical, Frivolous Analysis|
|Cost per Space||$1,670||$5,000|
|Free Parking/mi of bike lane||$1,054||$3,158|
|*Parking Costs Victoria Transport Policy Institute (2017)|
So there you have it – between $1,000 and $3,000 of free parking benefit per year per mile of bike lane.
A Less Take On Whimsical Bicycle Infrastructure
P.S. I am presenting to the American Public Works Association (APWA) webinar “Bicycle Infrastructure – Where the Rubber Meets the Road” on Wednesday, May 18, 2017 11am-1pm ET. It is sponsored by the APWA Center for Sustainability (C4S). This Click Listen and Learn will address the challenges and opportunities of bicycle infrastructure, including: – The economic benefits of cycling – Ways to retrofit existing infrastructure – Integrating maintenance and operations – Serving both commuter and recreational users – Innovative designs such as buffered bike lanes and painted bicycle boxes After attending this program, participants will be better able to: – Overcome the barriers to bicycle infrastructure. – Explore innovative ways to create and enhance bicycle infrastructure. – Evaluate the economic factors to consider when designing and implementing bicycle infrastructure. This program has been approved for .2 CEUs or 2 PDHs. Please note there is a $7 fee per non-member individual requesting CEUs (there is no fee for members).