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Old 11-23-10, 02:37 PM   #1
1nterceptor
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New York City Wants To Set Up Bike-Sharing System

http://newyork.cbslocal.com/2010/11/...haring-system/

NEW YORK (AP) – New York City is taking steps to set up a bike-sharing system similar to those in Paris, Barcelona and other cities.

The city Department of Transportation announced Tuesday that it is seeking a private company that would set up the system.

The private firm would bear all the costs of the bike-sharing system during the first five years while sharing revenues with the city.

The system would be set up in spring 2012. Its geographic boundaries have not been determined yet.

The city’s request for proposals calls for a system with bike-sharing stations every few blocks, allowing for easy pickup and drop-off.

The system would employ the latest theft-prevention technology.
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Old 11-23-10, 03:42 PM   #2
009jim
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If a private firm is bearing ALL the costs, why on earth would they share revenue with the city?
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Old 11-23-10, 08:23 PM   #3
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I read somewhere they are soliciting bids for a 15,000 bike system.
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Old 11-23-10, 09:01 PM   #4
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Quote:
Originally Posted by 009jim View Post
If a private firm is bearing ALL the costs, why on earth would they share revenue with the city?
they use public property.
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