Bikeshare in Columbus on a Roll
"Columbus' growing bike sharing system is rolling toward profitability — it’s just not there yet," reports Jeremy Hill.
"CoGo's 46 bike-rental stations are operated by Brooklyn-based Motivate Co., and any profits that it earns are to be split evenly with the city of Columbus," adds Hill. "It hasn’t yet cleared a profit, but it’s getting closer, and the system is expanding."
The article includes a lot more detail about the CoGo system's track record so far and its ongoing expansion.