The Metcalf Foundation, in partnership with two local business improvement associations and the City of Toronto, funded The Economic Impact Study of the Bike Lanes in Toronto’s Bloor Annex and Korea Town Neighbourhoods. Published by The Centre for Active Transportation (TCAT) in October 2017, the study found that cycling ridership and business revenue were up along the route following implementation of the bike lanes. These findings were corroborated by data from Moneris, a credit and debit transaction company, which reported that total spending was up in the pilot area.
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