In the 1990s a bike-sharing program in Portland, Oregon failed, largely due to vandalism and theft of bikes. More recently in Paris, France a privately self-supported bike-sharing program turned out to be a money hole as thousands of stolen and destroyed bicycles have to be replaced. The expense of initiating this sort of program is an issue as well, especially in a recession. One estimate puts the figure at around $3,500 per bike to get started. Safer and more plentiful bike paths may be a better investment to get city residents to choose bikes for their commuting.
Are they becoming better and more efficient? Hopefully we can make these become a reality.
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