An interesting piece in today's Property Week, highlighting the new £1.2 million three-storey cycle hub which has recently opened next to Kingston Station.
With many London Boroughs implementing Low Traffic Neighbourhood schemes (albeit not without controversy) and vastly improved cycleways springing up all over the Capital, London has probably never been a better place to cycle. However, bike theft has surged during lockdown, meaning secure cycle storage facilities are in demand. Whilst the hub at Kingston, as well as a smaller scheme at Carnaby Street, are each free to use, other existing schemes - such as those run by Spokesafe - are income-producing. Is this the future for transport in London?
A bike hub makes especially good financial and environmental sense compared with the cost of building an equivalent car park. Murdoch estimates it would cost 10 times as much to build a multi-level building capable of storing 450 cars – and it would need to be much bigger too, of course.