(Source: http://thecityfix.com/blog/bike-sharing-the-newest-mode-of-public-transport/)
Happy belated one-year anniversary to Bay Area Bike Share!
Unfortunately, financial problems at the program’s operator and supplier have held up plans to add bikes and locations. According to representatives of SFMTA, the response to the program has been overwhelmingly positive, and is considered a success. The system has 5,000 annual members and 28,000 “casual” members with the bikes being used an average of 3 times a day.
Despite the popularity, reported success and plans for expansion, the program is facing financial problems. The city currently has approved funding to add 1,000 more bikes system wide to 17 new locations, including stations the Castro and the Mission. On top of that, the SFMTA is seeking $25 million in private funding in order to add 3,000 more bikes at 250 more stations. However, talks with private companies are stalled because Bay Are Bike Sharing’s bike and bike software supplier—Public Bike System Company (PBSC)—has filed for bankruptcy and been sold to another company.
Regardless, it seems that expansion of the program is going to happen, but it might not be as fast as SF bike riders want or need.
If you ever need a bicycle accident attorney in San Francisco, Paso Robles, or the surrounding Central California Coast area, contact us for a free consultation.
(Source: http://ww2.kqed.org/news/2014/08/29/bay-area-bike-share-expansion-stalls/)