Be a very good transit option for those who do not have places big enough and parking storage in their buildings which we know is going to be an increasing number so equity is served by providing jobs for people on polk street who are working in that entire delta and also i wanted to say that obviously a lot of people in our organization are very excited about the possibility of their being bike share in the polk corridor to witness all the tweets and retweets and replies i think im not allowed to ask questions directly but wed like to see an effort for crowd funding for some of the stations. People feel much more invested in their civic space when they have had a roll like that thank you. Thank you very much. Good evening. Afternoon. Sorry about the voice but anyway, so i wanted to bring up first of all the point that bike share is a great idea. I had some questions that i wanted to talk about real quick like where are they deployed and what are the Service Areas and in what communiti
Five to seven does that include the stations as well . We dont know. The dc system those bikes are 4 years old they look good to me. I think the station could last more than 10 years. Of the 21, 23 Million Dollars to have 2500 to 3000 bikes how is that capital cost allocated between the stations and bikes im guessing the stations are more expensive . Yeah. In terms of the capital renewal needs its largely the bikes . Right some portion of that cost is a one time cost associated with starting a system that size. Its about getting a house big enough to house the bikes and do the work and some of the cost is also contingency so it wouldnt be 23 Million Dollars every 7 to 10 years it would be something less than that. Do we know how for example new york has a city bank under wrote a lot of the cost of that system do they have an arrangement of how bikes will be replaced if they wear out . Do we know how to approach that . No. Were still in the honeymoon period. So doesnt contemplate what t
Bikes how is that capital cost allocated between the stations and bikes im guessing the stations are more expensive . Yeah. In terms of the capital renewal needs its largely the bikes . Right some portion of that cost is a one time cost associated with starting a system that size. Its about getting a house big enough to house the bikes and do the work and some of the cost is also contingency so it wouldnt be 23 Million Dollars every 7 to 10 years it would be something less than that. Do we know how for example new york has a city bank under wrote a lot of the cost of that system do they have an arrangement of how bikes will be replaced if they wear out . Do we know how to approach that . No. Were still in the honeymoon period. So doesnt contemplate what the renewal structure will be. I dont think. I dont remember anything in there about replacing the equipment. So city bank sort of Advertising Opportunities and so one could see that that might be something that continued and be a susta