There were rumblings from businesses owners that the lanes would hurt them. But the report found the opposite to be true.
The city worked with the Bloor Annex BIA and the Korea Town BIA on an economic impact study. A door-to-door survey of businesses and pedestrians found most businesses actually reported an increase in the number of customers.
Most visitors reported spending more time and visiting more often since the lanes were installed. The city also looked at data from Moneris, a company that processes debit and credit-card payments. Total customer spending in the bike-lane area has increased more than the area surrounding the lanes and in the Danforth Avenue control area, according to that data.
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