Re:The Economics of Bike Lanes
by tomkarlo on Monday October 24, 2011 @04:05PM
(#3151349)
$30K is not very much when you consider that a parking space in a dense urban area can charge $300-$400 a month, even while competing with free street parking. At $300, that's $3600 a year, or about a 12% return on your investment just from the cash flow alone (and the value of the space will rise over time as well.)
Double digit returns on a relatively low-risk investment aren't exactly bad.
Double digit returns on a relatively low-risk investment aren't exactly bad.