NewsLocal News / July 23, 2015

Study: Indy's Cultural Trail Boosting Profits And Property Values

The Indiana University Public Policy Institute studied the trail's impact. It found that the total value for properties along the cultural trail has risen more than $1 billion since trail construction began 2008.Indianapolis Cultural Trail, Indiana University Public Policy Institute2015-07-23T00:00:00-04:00
Study: Indy's Cultural Trail Boosting Profits And Property Values

More than half the businesses along the Indianapolis Cultural Trail reported increases in customers and profit.

Photo courtesy Indianapolis Cultural Trail: A Legacy of Gene & Marilyn Glick, via Facebook

INDIANAPOLIS -- Indianapolis' downtown Cultural Trail is the city's most-used recreation path. And it's leading to increases in business profit and property values along it.

The Indiana University Public Policy Institute studied the trail's impact. It found that the total value for properties along the cultural trail has risen more than $1 billion since trail construction began 2008.

More than half the businesses along the trail reported more customers and profit. Users of the trail told the institute they feel safer in downtown Indy since the trail went in.

The eight mile-long Cultural Trail was completed in 2013.

 

 

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