City awards $1M in federal funds for bike-rental service

  • Comments
  • Print
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

The Indianapolis Board of Public Works awarded $1 million in federal funds to B-Cycle LLC, a Wisconsin company that will bring its bike-rental service to the Indianapolis Cultural Trail.

The public works board on Wednesday afternoon awarded the contract, which allows B-Cycle to spend up to $1.5 million to install its electronic stations and purchase bikes. Any spending beyond the federal funds will be covered by the Indianapolis Cultural Trail Inc., a private not-for-profit entity that's supposed to raise money for maintaining the eight-mile path.

The bike-rental program will be the responsibilty of ICT Inc., which will collaborate with Bollore Group, a French company that plans to invest $35 million in a car-sharing service in Indianapolis.

A request for proposals issued by ICT and the city in December 2011 anticipated 24 bike-sharing stations with 300 bikes. ICT will hold two public meetings to take input on exact locations. The meetings will be from 12:30 p.m. to 2:30 p.m. on June 27 and from 5:30 p.m. to 7:30 p.m. on July 10. Both meetings will be at The Platform, 202 E. Market St. Comments will also be collected at www.indyculturaltrail.org, beginning on June 27.

B-Cycle allows users to buy short-term and long-term memberships online or 24-hour passes at its stations. The stations operate with electronic locks, and the bikes can be released with a swipe of a pass card or through the adjoining payment kiosk.

Please enable JavaScript to view this content.

Story Continues Below

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In