But it can make sense in the opposite kind of neighborhood -- neighborhoods that are growing, that already have a lot of density and foot traffic.
The context matters a lot.
[0] http://www.urbanreviewstl.com/tag/14th-street-pedestrian-mal...
https://www.blogto.com/eat_drink/2018/07/pearl-king-street-t...
https://torontosun.com/news/local-news/king-st-pilot-forces-...
https://www.thestar.com/news/gta/2018/01/22/king-st-business...
Lots of business were crying foul at the start of the pilot, but credit card transaction data the city has hasn't borne that out.
I think either way Pearl was destined to close.
If they can say, "it's because of that big new development over there!" or, "it was the street closure!" then that's what they're going to say. It's the story they'll tell their great-great-grandchildren. But who honestly knows? Companies go out of business all the time. That's the default. Keeping a restaurant open is very hard.
I think the lesson is that you can't just cave to the bike special interests group or the walk-ability lobby, you have to look at how the economics of your city work and make sure that any changes you make will not shoot it in the foot.
This statement from the article would have me very worried about surviving the next downturn if I were a Toronto business owner.
>Toronto reports business receipts are up along the corridor as well, albeit a tiny 0.3 percent. The rest of the city was up 3.8 percent over the same period.