Are Bikis A Good Investment?

Kai Kast, Photojournalism

A Biki stand is full of bikes at the self-serve terminal just off Date Street at the eastern entrance to the Ala Wai Canal in Mo’ili’ili. No bikes were being used, but instead, they were sitting around and collecting dust. As bike-sharing becomes more and more common, with programs in over 1,000 cities worldwide, claims of lost revenue by Honolulu’s Acting City Auditor may mean a change in course for the company. The Biki Bike program is reportedly costing the city of Honolulu $460,000 in lost revenue due to roughly $300,000 from the displacement of over 40 parking meters, while the company recorded earnings at $2.7 million last year.