Every now and then, we at The Bike-sharing Blog will get a question from a researcher on cost-benefit analysis of bike-sharing. Now we have one to share! The Washington, D.C. region competed for a Federal funding opportunity (more) for its upcoming regional bike-sharing service, unfortunately to no avail. But that doesn't mean the data ain't good!
The Metropolitan Washington Council of Governments (the D.C. area's regional metropolitan planning organization) has posted the bike-sharing service's cost-benefit analysis. The analysis looks positive as the potential revenues generated by this service would far outweigh the costs. A sustainable bike-sharing service for the D.C. region, and other regions in the U.S. and abroad, looks probable.
Bike-sharing geeks, enjoy!
image credit: HSE