Bike sharing is moving forward in other cities large and small. Chattanooga, TN started up a bike share program on Wednesday while New York, Chicago and Los Angeles will begin their programs later this year. Perhaps the biggest surprise is that compared to other forms of public transportation bike sharing is very cost effective. Washington's Capital Bikeshare has a farebox recovery ratio of 120% before marketing and management costs. To put that into perspective, SEPTA's farebox recovery ratio of 51% is among the best in the country among public transit systems.
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