The City of Philadelphia is scheduled to roll out its new bike sharing program some time in late summer of 2014. The network will work similar to systems in cities from Washington, New York, toronto, London, and Paris. It will comprise of 150 to 200 bike share stations. The city will locate 1,500 to 2,000 bicycles available for short-term rental. the rental system is structured in a way that allows for a bike to be picked up from one station and returned to any other station, given there is space. The idea is that people will be able to use the bikes to commute, run an errand, tour the city or get some exercise.
According to PlanPhilly Mayor Nutter has already committed $3 million in capital budget funding toward bike share, and those leading the endeavor expect building the bike share network to cost $10 million to $15 million. the remaining funding is expected to come from state and federal transportation grants as well as some private funds. Once the system is up and running it is expected to be self sufficient and will not require any public operating subsidy. Philadelphia's bike share is projected to generate nearly 2 million trips per year with residents, commuters, students and visitors taking part. Thousands of users are expected each day. The stations will be located throughout the city from the Delaware River west into West Philly and from The Navy Yard north beyond Temple University's main campus.
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