Or so actual science says!
http://www.theatlanticcities.com/commute/2012/12/cyclists-and-pedes...
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Economic Benefits of Complete Streets and Cycle Tracks
Bicycle lanes calm traffic and the economic benefit for retail stores is increased sales, more walking and biking customers and more customers from within and outside the neighborhood, according to a study on Valencia Street in San Francisco, CA: Bike traffic increased 144%, 2/3 of merchants said the redesign improved business, total collisions declined by 20%, motor vehicle traffic decreased by 10% and 218 jobs were created. The report on the study, Economic Effects of Traffic Calming on Urban Small Businesses by Emily Drennen, Department of Public Administration, San Francisco State University, December, 2003, can be found here: http://www.emilydrennen.org/TrafficCalming_full.pdf .
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