Viewing a single comment thread. View all comments

KTfl1 t1_iwr5r22 wrote

A projected $106 million in economic benefit would be generated over 20 years, according to literature at the showcase.

106 ÷ 20 ÷ 365 = 14,520. From a bike path? Not even including seasonal temperatures! Who got paid to write that fiction? And people repeat it! What happened to critical thinking skills?

If you figure 8 months of usability it's $22,000 a day.

How?

3

WendyArmbuster t1_iws779n wrote

I recently read a study that the houses in Bentonville, AR that are within a short distance (I don't recall the exact distance) of their bike trail system increased in value significantly compared to the houses in Bentonville that were not as near the trails. It was quite a bit, and there were a lot of houses in that zone. I would have no problem believing that living near this trail (which I do) would add significant value to my home, and the data backs it up.

Here's a link to an overview

17

KTfl1 t1_iws8sry wrote

Fair point. I hadn't considered that. I guess I will have to look at the report.

6

MrZanzinger t1_iwr72nr wrote

Why are major bicycle related companies moving their North American headquarters to Northwest Arkansas? It's not because they are a fan of the Razorbacks but probably more about how much that area has invested in the cycling infrastructure.

12

KTfl1 t1_iwr8me8 wrote

So you believe the 106,000,000 figure? I am not against the path. I do not believe that a bike path can generate 5M of economic benefit a year.

4

MrZanzinger t1_iwraz5u wrote

I know it can generate an economic benefit but don't care enough to argue over estimated numbers.

I've ridden my bicycle and stopped for a bag of peanuts and a drink twice a week for probably 4 months this year at the gas station on the Frisco trail that I've never stopped at in my car.

12

KTfl1 t1_iwramn3 wrote

If you assume 2000 users a week over 7 months, each of those users would have had to generate a little more than $100 each.

2000 x 4 weeks x 7 months = 56,000 users annually. How many people do you think will use it? What do you think they will spend?

Sorry for the edits

1