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How Much is a Bike Trail Worth?

posted Dec 17, 2011, 8:07 AM by Jerry Reilly   [ updated Jan 14, 2012, 7:27 PM by Jim Lerner ]
Research coming out of the University of Cincinnati, proximity to trails in urban areas increases property values, which in turn boosts the amount of property taxes filling government coffers.
How Much is a Bike Trail Worth?

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Here's some more informal information on the same topic.  Local realtor Jim Lowenstern said the following in his Newton Patch real estate blog:
"A good location is usually .... close to outdoor recreation and nature.   Red flags to watch for when browsing property are proximity to .... railroad tracks."

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