Toderian on pedestrianization and finance

Brent Toderian makes a financial case for pedestrianization:

”The strongest arguments for making a city more walkable are financial. On a dollars and cents basis it’s the cheapest way to move people around. Even transit trips start and end with your feet," he says.

Planning neighbourhoods and business districts to be more pedestrian-friendly might be the only way for cities to escape financial ruin.

Traffic congestion cost the Greater Toronto Area an astounding $3.3-billion in lost productivity in 2009, according to the Organization for Economic Co-operation and Development; in the Chicago area, the tab is $8.2-billion annually.

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