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BIKE SHARE



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This is Chris Redgrave for Zions Bank Speaking on Business.

Ralph Becker, our Salt Lake City mayor, is not only smart, he's fit. Ralph takes full advantage of Utah's great outdoors and cycling is among his sports. That's why in meeting with Jason Mathis, executive director of the Downtown Alliance, it wasn't a surprise to find out that Salt Lake City is going to have bicycles downtown. It's called the Bike Share program. I had a chance to participate in the Washington D.C. bike share program, and it's easy and a blast.

Bike Share research from other cities shows about 30 percent of the revenues comes from tourists alone. To give you an idea of how it's going to work, you spend $5 to rent a bike in 30-minute increments throughout the day then return it to a bike-docking station. You can also pay for one week at $15 and return it at the end of the week. Or you can jump in and be a member for $75 for an unlimited pass, complete with helmet rental, and as tech would have it, the pass will track your bike share stats.

So, you can find out how many calories you've burned for the week, the month, the year and you can also find out the money you'll save in gas. Not to mention the amount of pollutants you'll prevent. The Salt Lake City Bike Share program is quickly catching on, and their Facebook page already has 1,300 followers. You can check it out at greenbikeslc.org.

For Zions Bank, I'm Chris Redgrave, speaking on business.

Bike Share www.greebikeslc.org

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