Dare to be weird!
Join Date: Jun 2005
Location: Austin TX
Bikes: Hybridized 1970s Coppi road bike; Townie city cruiser
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If it could be shown that constructing a bikeway will result in more bike commuting and bike errand running, I don't see any reason why they couldn't be funded by offering carbon offsets.
The nice thing about this approach is that it would specifically target bike facilities for utility cycling (errands, commuting, etc).