Cincinnati's Red Bike bikeshare temporarily saved by $450,000 investment, $200,000 from City of Cincinnati, reopening May 13.

Cincinnati's Red Bike bikeshare program, which faced closure due to funding issues, has been temporarily saved by a $450,000 investment from local organizations, including a $200,000 commitment from the City of Cincinnati, falling just $50,000 short of a year's operating costs. Red Bike will reopen on May 13 after a one-month pause in January due to rapid growth and insufficient funding.