Closing Central Madrid To Cars Resulted In 9.5% Boost To Retail Spending, Finds Bank Analysis
Closing Central Madrid To Cars Resulted In 9.5% Boost To Retail Spending, Finds Bank Analysis
Twenty million anonymized transactions … led to a 9.5% increase in retail
I wish they put a number to that stat. Because even if we’re talking about an extra dollar of spending, we’re talking millions of dollars (euros), which is significant.
Retail stores everywhere should really force their local government to make street closures to car traffic a reality if they want to boost sales and keep online shopping from destroying their revenue.
Trying to replicate that elsewhere requires either parking spaces away from the main streets, or decent public transit.
In San Diego, the Gaslamp District is a prime example of an area that should be pedestrian only. Yet when they did try it, the city yanked it back with the unbelievable excuse that the road blocking bollard mechanisms cost too much (thesandiegosun.com/gaslamp-quarter-car-free-zone-…).
Downtown retail in a lot of cities are boarded up. Making those streets pedestrian-only is the only way to revive them and bring back shops.
what if there are highrise apartments with underground parking lots facing the main street? How would they come and go?
Its pretty common in Europe to allow shared use for access / deliveries using pedestrianised streets where needed.
They'd put a 10kph or 5kph speed limit and pedestrians have priority, delivery vehicles may have restricted hours too - outside of peak shopping hours if the street is mostly retail.
With only resident vehicles and deliveries the traffic volumes are low and it's fine. Cutting out through traffic and non-resident traffic makes a huge improvement.
Also lots of the people in CBD high rises will choose to walk a lot of their trips - many won't have a car at all - that's partly why they live there.
all the concern-trolling about people with mobility problems losing access has been conclusively proven to have been bullshit
You say the word “bike” and suddenly everybody’s mom is deathly ill and needs daily hospital visits. It’s amazing.