PORTLAND, Ore. (AP) — The Portland City Council has approved a plan to launch a bike rental program.
Council members voted 4-0 Wednesday to endorse a proposal to bring 600 bikes outfitted with computers to the city starting next summer.
The Portland bike share will serve the areas of Goose Hollow to inner north Portland, east to the Lloyd District and south to South Waterfront.
The Oregonian reports the city will buy $1.5 million in equipment using mostly federal grant money. Motivate Co. of New York will operate the program, covering costs with the revenue generated from user fees and sponsorships.
The city says the cost to ride will be the lowest in the country at $2.50 for 30 minutes and that riders will be able to lock bikes up anywhere after a trip.