Walkability = Profitability

The relationship between Good Design and Good Business cannot be emphasized more. This is true for Urban Design projects as well. A study shows that property prices increase by improving the street with:

widened pavements;
extra trees;
improved lighting;
new way-finding signs.

Good streets are always a pleasure to walk on. And streets that are pedestrian-friendly attract shoppers and people of all age-groups. This automatically means more foot traffic for retail and businesses, translating into good business and profitability. In fact, in many cities retailers and shop owners are willing to shell out extra money by way of taxes and street improvement funds since it has a direct impact on their business.

One can quite easily do a cost-benefit analysis to make a decision for street improvements. In fact, this is a very cost-effective way to boost the local economy.

Source: thisbigcity.net

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