Analysts Say: Bike Share Programs Are Good For All

October 14, 2020 0 By PENTICTONLAWYERS

As city bike share programs sprout up in metropolitan areas nationwide and local governments attempt to tally the cost-benefit of such programs, analysts note that the “costs” of bike shares pale in comparison to the untold social and environmental costs of cars.

According to a Reuters article published on Wednesday, since the first bike share program began in Tulsa, Oklahoma in 2007 there have been no fatalities recorded among users—despite the dire predictions of many.

Thirty-six cities, including New York, Chicago, Minneapolis, Washington, DC and San Francisco have thus far instituted such programs, where users pay a regular fee to access shared bicycles parked strategically throughout a city. Next spring, Philadelphia plans to launch its own share program and other services are currently in the works in Tampa, Florida, Boise, Idaho, and Portland, Oregon, among others.

However, as Reuters points out,  some local programs have been challenged by stifled enrollment and some rising costs. Citibank, which first sponsored the program is New York, is contemplating a takeover by a new operator, REQX Ventures, which reportedly has plans to expand further into Manhattan and Brooklyn, as well as into Queens. Further, as its enrollment has dropped slightly since it began, according to reports, Citi Bike is planning to boost its yearly membership fee from $95 to $140, or more.


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