A Wall Street Journal report last week that New York City's wildly popular bike share system has been operating in the red has, understandably, rattled the Portland transportation world as we wait for a similar system here.
I'll start by rounding up the burst of media coverage, then offer some quick analysis.
The Journal report last Thursday, which we linked to in this week's Monday Roundup, kicked things off. An Oregonian news roundup followed focused the blame on Alta, the Portland-based company that manages Citi Bike and has the contract for Portland's future system. A follow-up editorial from the Oregonian called on the city to scrap its plan and put the money to other bike projects, seemingly misreading a recent bike sharing study to draw the conclusion that a Portland system is "almost certain to require a hefty annual operating subsidy from Portland taxpayers."