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NYC investment company buys Alta Bicycle Share, hires former transit CEO

Tuesday, October 28th, 2014
Bike share ride with Oregon team-1
DC’s Capital Bikeshare system was a hit – a bigger one, it turned out, than an independently owned Alta Bicycle Share had the capacity to capitalize on.
(Photos by J. Maus/BikePortland)

You might have heard by now: A local bike business that bootstrapped its way to the national stage, and then suffered a dizzying series of problems, has sold.

Alta Bicycle Share, a startup that unexpectedly became much larger than the bike planning company that birthed it after launching popular and successful systems in Boston and Washington DC, announced Tuesday that it has been purchased by New York City real estate developer REQX Ventures.

Terms of the deal haven’t been disclosed. In July, the Wall Street Journal pegged the deal at $40 million, but it’s not clear whether any of that money went to Alta’s founders or will be invested directly into the company. It’s also not clear whether Alta’s six cofounders (including local executive and former Portland bicycle coordinator Mia Birk) retain any ownership in the firm.

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Chicago brings Portland’s bag of biking tricks to Bronzeville’s ‘Black Metropolis’

Thursday, February 6th, 2014
Cargo Bike Roll Call: Bronzeville edition
A Bronzeville resident at a local bike event last fall.
(Photo: Steven Vance.)

Can a Portland-brewed program that uses free events, maps and T-shirts to get people informed and enthused about biking and walking work on the inner south side of Chicago?

With the help of two experts from Portland’s top bike planning firm and two advocates in Chicago’s Bronzeville community, the City of Chicago is trying.

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10 key details from Portland’s bike share proposal and contract

Wednesday, September 4th, 2013
A rendering by Alta Bicycle Share of a future Portland
bike share station at downtown’s Director Park.

As public bike share systems continue to become standard public services in cities around the country, we figured it was time to learn more about what’s in store for Portland.
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Meet 4 of the best indoor bike racks on the market (videos)

Tuesday, August 27th, 2013
Mad scientist Scott Mizée outside
his bike parking laboratory.
(photo: M.Andersen/BikePortland)

Indoor bike parking rooms are becoming standard in Portland’s offices and apartment buildings. But when square footage is scarce, sometimes plastic-coated hooks just won’t do.

That’s where hanging horizontal racks come in. These two-level metal models cost hundreds of dollars per bike space — but they also make a bike parking area 50 to 100 percent more efficient per square foot.

real estate beat logo

Their systems of shocks and hinges also make it easy for someone with a smaller frame or less muscular arms to hoist a bike into place. To get a better look at the state of the industry in bike parking, I visited local expert Scott Mizée of Alta Planning and Design. Alta’s employee bike parking room — a.k.a. “Bike SPA” — on Portland’s inner eastside doubles as Mizée’s test lab for the industry’s best bike parking products.

I asked Mizée to give a brief introduction to each of the main horizontal rack products he’s testing.
(more…)

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