5000 Members in 30 Hours – System not Even Installed – But
Public Bike Share is very popular! NYC – Citi Bike hits 5000 founding members in 30 hours – the system scheduled to launch next month will be off to a flying start! With 10,000 bikes and 600 stations it is anticipated to be the largest Bike Share in North America. The cool thing is that it will expand from there!!
Miami Beach and Washington DC are having record breaking months!
“Unlike car share programs, most bike share programs do not provide you with any insurance as part of the membership, so it’s important to understand how other insurance policies you may have would apply. In most cases, if you were in an accident involving a bike from a bike share program, your homeowners insurance or renters insurance would cover your liability if you were to injure someone with the bike. Damage to the bike would typically be covered if it was a result of another vehicle or vandalism, but it may be subject to a deductible, which could exceed the cost of the damage. If the bike is stolen while it’s in your possession you should be covered for theft, but it’s important to report the theft both to the police and to the bike share program as soon as you are able. Finally, make sure when you use a bike, you return it in a timely fashion, as some of the bike share programs will consider a bike “stolen” if it is kept for more than 24 hours- and they could subject you to a replacement fee for the bike, which would not be covered by your policy.
It’s important to make sure you’re aware of what your homeowners or renters policy will and won’t cover as it relates to participating in a bike share program by reviewing your homeowners or renters insurance policy with a Trusted Choice agent.”
FTA issued its “Final Policy Statement on the Eligibility of Pedestrian and Bicycle Improvements Under Federal Transit Law” last week.
FTA agrees that bicycle sharing systems provide meaningful access to public transportation and help address the problem of the ‘‘first and last mile.’’ Moreover, bicycle sharing programs, like all forms of active transportation, provide numerous benefits, such as reduced carbon emissions and improved public health. Federal Transit Law limits the use of FTA funds for ‘‘public transportation.’’ Historically, FTA has not included ‘‘bicycle’’ within the definition of Policy Statement on the Eligibility of Pedestrian and Bicycle Improvements under Federal Transit Law, 74 FR 58679 (Nov. 13, 2009). ‘‘public transportation.’’ Therefore, while a grantee may use FTA funds to purchase aspects of a bicycle sharing system if those aspects are located near public transportation stops and stations, an FTA grantee may not use FTA funds to purchase bicycles, regardless of whether those bicycles comply with Federal Buy America requirements.