Funding woes delay Portland's bike-share program

| Print |  Email
Must Reads
Thursday, March 21, 2013

Portland's upcoming bike-share program has been pushed back to spring 2014 due to a lack of funding.

Portland received $2 million in federal funds to get the effort off its feet and has refused to use city money. But according to [Portland Bureau of Transportation project manager Steve] Hoyt-McBeth, the company chosen to run the program, Alta Bicycle Share, is now short almost $6 million needed to pay for the program's equipment and run it for five years. Bike share is still waiting for corporate help.

That's not uncommon. Similar programs throughout the country have used sponsorships to buy systems and fill in operational funding gaps.

But "no one came forward with committed sponsors," says Hoyt-McBeth. Portland-based Alta, tapped in September, didn't even kick off fundraising in earnest until late last month.

Read more at The Portland Mercury.

{biztweet}bike-share{/biztweet}

 

More Articles

Hot Topics/Cool Talks recap

Linda Baker
Friday, April 24, 2015
htctthumbBY LINDA BAKER

A recap of "Tech in Transit: Will Portland Build the Next Uber?"


Read more...

Bike Chic: 7 stylish options for cyclists

April 2015
Thursday, March 26, 2015

Cycling to work is all the rage. But not everyone wants to arrive at the office messy, sweaty — and unfashionable.


Read more...

It's a Man's Man's Man's World

May 2015
Friday, April 24, 2015
BY AMY MILSHTEIN

Male tech workers speak out on the industry's gender troubles.


Read more...

The best crisis is the one you avoid

Contributed Blogs
Wednesday, April 15, 2015
crisisthumbBY GARY CONKLING | GUEST BLOGGER

Avoiding a crisis is a great way to burnish your reputation, increase brand loyalty and become a market leader.


Read more...

Beam Me Up

April 2015
Thursday, March 19, 2015
BY DAN COOK | Photos by Jason E. Kaplan

An alliance of developers, academics and timber industry executives wants to position Oregon as a front runner in the glamorous new world of wooden skyscrapers.


Read more...

Banking Perspective

April 2015
Thursday, March 26, 2015
BY KIM MOORE

A conversation with Craig Wanichek, president and CEO of Summit Bank.


Read more...

The Road to Reinvention

April 2015
Friday, March 27, 2015
BY AMY MILSHTEIN

Damian Smith bets on changing himself — and Portland — through consulting.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS