The REMI economic impact model was used for a one year “snapshot” study of the total economic and environmental benefit of bicycle and pedestrian facilities and activities, including tourism, environmental, improved air quality and reduced greenhouse gas emissions, real estate values, health, reduction in demand on the transportation systems, and other economic benefits. Analysts discovered that the state budget fiscal impact from bicycle and pedestrian activities in 2009 amounted to a net positive of $1.6 million of tax and fee revenues for the State of Vermont in addition to an increase in home values statewide of approximately $350 million because those homes are in more walkable areas.
Resource Systems Group – Economic Impact of Bicycling and Walking in Vermont [full PDF]
