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Portland Lands 10 Million Title Sponsor For Bike Share Program
Dated: January 11 2016
Portland, one of the country's foremost cities for getting around on two wheels, will at long last get its own bike share system.
The news comes thanks to a five year, $10 million sponsorship deal signed between sportswear giant Nike and the Portland Bureau of Transportation.
City officials have been working on a system for nearly a decade, but funding, particularly from corporate sponsors, has proved elusive. Last September, the city secured $2 million in grants to continue developing a system. Reports at the time suggested it would cost $2.50 for a half-hour rental. Full-year subscriptions would cost between $10 and $15 a month for 90-minute per day uses.
The system is expected to launch with 1,000 bikes around the central city and inner east side.
We'll have more on the Nike sponsorship and expected rollout timeline as details are made available.
For Mark Ross, founder of Ross NW Real Estate and professional real estate broker, real estate has always been the career of choice. During his 30 years in the industry, Mark has gained experience in ....
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