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Another good reason for roundabouts. With roundabouts, pedestrians never cross where vehicles are turning sharply right or left. Instead, the cross walks at either exit/entrance of the roundabout are located on the spoke roads outside of the roundabout. Yes, someone will find a dreadful roundabout where this isn't the case, but in my experience in the UK, walking around busy traffic is much less concerning since you'll never have someone turn right when then didn't see you.
 
Maybe I just wasn't used to it, but when I went to Edmonton roundabouts confused the hell out of me at first. After a day though I guess I got used to it. I think a big problem with them though is disabled people. Given that a lot of roundabouts don't have light phases, you can't have those bird chime things to alert the visibly impaired when to cross. Not that I'm a big fan of designing cities around statistical outliers like the visibly impaired, but it would seem a little short sighted to introduce roundabouts in the name of safety only to have a wave of blind people being mowed down.

What about some kind of over/under pass for pedestrians? Local design conditions always vary, but I bet if you got a decent architect and had some luck with setting you could make some fairly usable under/overpasses.
 
Roundabouts aren't particularly useful in urban environments. They're at their best at rural and exurban intersections.
 
I can see yonge and finch being dangerous, but bathurst and finch?!? Do people even walk around at that intersection?

Having grown up in this part of the city this does not surprise me. Lots of old, meaning terrible, drivers and lots of old pedestrians make for a lethal combination. Bathurst up here was always bad due to old drivers.
 
University of Maryland & whoever deal with road safety in Maryland have an neat website on unconventional arterial intersection design with some helpful animations and brief overviews of the benefits of various designs, examples of where they exist and "lessons learned."

With respect to modern roundabouts:
Many studies cite major Roundabout benefits including reduced delays and improved overall safety, particularly in reducing the severest of intersection crashes and the number of injuries and fatalities experienced.

Reasons for the reduced number and severity of accidents at modern Roundabout applications include:

o 75 percent fewer vehicle conflict points compared to a conventional intersection design
o physical guidance and separation of the various movements
o lower and consistent speeds traversing the roundabout
o pedestrians cross only one direction of travel at a time

In a survey of U.S. departments of transportation, the main reasons highway agencies considered and/or constructed Roundabout s i ncluded greater safety, shorter delays, lower costs and improved aesthetics /urban design. Reasons given for not building Roundabout s included uncertainty that drivers could adjust, and questions about operations and safety.

Appropriate locations for Roundabouts include locations where there is insufficient room for adequate queue storage, such as at interchanges or at entrances to bridges and tunnels. Other potential candidates include intersections with high accident rates, particularly accidents involving cross street through and/or left-turn movements. Poor candidates include intersections of roads with highly imbalanced approach volumes, which give a disproportionate advantage to the low-volume approaches.

Problems encountered at existing Roundabout locations that should be evaluated in new Roundabout design processes have included increased maintenance costs for the central island (additional or difficult snow removal, additional sign costs, and the need to do maintenance at night), lack of signalized pedestrian crossings, larger vehicles running over central islands, and how to locate driveways near Roundabout entrances.

Though a thorough investigation of design and construction costs has not been undertaken, a sampling of dual-lane Roundabouts on state highways has shown a cost range of $350,000 to $500,000 per installation (excluding right-of-way), varying with size, drainage and landscaping costs

Other intriguing designs include -
The Continuous Flow Intersection
The Center Lane Overpass (which I assume could just as well be an underpass)
The Median U-Turn
 

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