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Albuquerque To Launch Bike-Sharing Program

ALBUQUERQUE, N.M. — City Hall intends to create a fleet of public bicycles for rent by next summer.

Mayor Martin Chavez announced Wednesday that the city is negotiating a contract with Clear Channel Outdoor to put 25 bike kiosks around the city. People would use their credit cards to rent the bikes.

Taxpayers won't have to pick up the tab, Chavez said. Instead, Clear Channel will run the program — estimated to cost $1 million a year — in exchange for getting 10 city sites for its outdoor advertising.

Bike-sharing programs are popular in Europe but just getting started in the United States.

I'll have more on this in tomorrow's newspaper.