News Source: 
Seattle Times
April 3, 2014

The opening phase will cover Seattle Children’s, the University of Washington, Eastlake, Capitol Hill, South Lake Union, downtown and the central waterfront, with 500 bicycles at 50 roadside stations. Customers can subscribe online, or use a credit card to rent the shared-use bicycles from a kiosk, similar to using the city’s parking pay stations.

Holly Houser, executive director, said Thursday new sponsors will soon be announced, and her nonprofit will meet its $4.4 million startup budget. Previously the group has been awarded a $1 million grant from the U.S. government, $750,000 from the Washington State Department of Transportation, and $500,000 from Seattle Children’s.  In addition, operations contractor Alta, based in Portland, is replacing a Montreal-based bicycle vendor that sunk into debt.

Puget Sound Bike Share earlier announced it would launch service this spring, after the City Council voted last September to allow stations on city property.

The benefits include helping commuters pedal the last mile or two from a transit station to the workplace, college campuses or sports events; adding convenience for cross-town errands; or giving tourists new ways to reach Seattle Center and the waterfront.