electricron:
Quote:
Of course it's a fad in America, Federal funds have been open and private enterprise and local authorities feeding off Federal pork have quickly moved in.
http://en.wikipedia.org/wiki/Bicycle_sharing_system
To date, no publicly owned and administered bicycle sharing program has yet been able to consistently operate as a self-funding enterprise, using only revenues generated from membership subscriptions or user fees and charges.
I wonder how many bike sharing organizations will still be operating after the source of public funding ends?
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This is truly one of the more idiotic things I've read in a long time. How many roads are operating without any public funding?
DC's Capital Bikeshare system recently had it's two millionth ride, all in less than two years. Our system has also introduced tens of thousands of people to the benefit of bicycling, many of whom purchase their own bikes and become avid, committed, cyclists.
It has been stated many, many, times but the goal of transportation investments isn't to earn a profit but to improve mobility, something Capital Bikeshare and the other bike-sharing systems have unquestionably done. Even so, Capital Bikeshare nearly covers its operating costs, something certainly no roads in the DC region even come close to doing.
Capital Bikeshare Nearly Operationally Profitable
http://dc.streetsblog.org/2012/04/20...ly-profitable/
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