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
