Not wanting to be left out of massive bike news in his hometown, U.S. Congressman Earl Blumenauer has just released details on his latest legislative idea: the Bikeshare Transit Act. The legislation is meant to provide stability and “additional flexibility to use federal funds for bikeshare programs.”
Blumenauer wants to make it easier for bike share systems to operate past their initial start-up funding. In Portland’s case, we received a $2 million federal grant for bike share back in 2011. But that money was only enough to start planning. To actually put a system on the ground would take millions more — not to mention an annual operating and maintenance budget of $1.5 to $2 million. With cities under pressure to not spend any local money on bike share, that means they’ve had to hope and pray for big private sponsors. Portland spent years trying to court a suitor before inking their $10 million deal with Nike.