As linear park systems, parkways can do much to encourage use of non-motorized transportation and mass transit. Along with other parkways in the Hudson River Valley, the Henry Hudson Parkway can be developed as a multi-modal transportation route. It now shares the corridor with the Hudson River Greenway and the East Coast Greenway, and is being studied for its potential as a link through Van Cortlandt Park to the Saw Mill River Parkway and Westchester systems. These bike and pedestrian trails can be linked to trains and ferries along the corridor, all of which will benefit from the parkway's development as a scenic byway.

The Henry Hudson Parkway Task Force has received a grant from the New York City Environmental Fund to study the feasibility of a bike and pedestrian trail along the parkway in the Bronx.