The City of Portland unveiled more details Wednesday about its new bike rental proposal.
About 600 bikes will be rented for about $2.50 per half-hour. That’s cheaper than most of the 65 similar programs around the nation.
But the city hopes to make up the difference with annual memberships. Those will likely cost $10 to $15 a month.
Commissioner Nick Fish expects the program to do well.
“The big deciding point for me is family trips to other cities where this has been a huge success,” he said.
One of the problems with bike rental programs is that bikes usually have to be returned to a kiosk. But Portland’s system uses locks and GPS on the bikes, so they can be left and picked-up at any rack.
Portland plans to spend more than $2 million dollars in federal grants on the new program, which is scheduled to run for at least five years. The city has a chance to review its contract after three years.
Commissioners will vote on the idea next week. If they go ahead, the program should be up and running by next summer.