Interesting. In a city by me, they found that businesses along new bike lanes actually grew by 17%, while the citywide business receipts were static (grew by exactly 0% in inflation adjusted dollars). They were looking at a similar time period (2019-2022). Maybe COVID just hit different cities differently.

Sauce: Culver City Move Pilot Report, page 59 https://www.culvercity.gov/files/content/public/v/8/services...