According to an unsurprising, but still mildly upsetting, study from researchers at the McGill School of Urban Planning, residences located near Montreal's Bixi bike share stations could expect to see their values increase. We expect studies on other cities will also find a positive impact on house sales," the study's lead author, professor Ahmed El-Geneidy, said. We'd certainly be interested to see such a study in New York, although it could be complicated by the fact that the Citi Bike stations are already located in rich neighborhoods with ever increasing property values. It would be funny to get confirmation that the wealthy condo and co-op owners who got stations moved away from their buildings shot themselves in the foot, though.
· ApartmentsNear Citi Bike Docks Could Get Pricier, Annoying Study Says [ANIMAL]
· Citi Bike coverage [Curbed]