BikeShare - Gwen and Cara

Problem : bike theft in the city.
Many students are unable or are wary about biking in the city. Bikes can be quite expensive and if stolen, can become a personal loss.
Our Ideal : a Bike Share program run through and by OCAD, to be used exclusively by students and faculty. A fee of $25 annually would be added to your BikeShare account (similar to printing or photocopying account on the student cards). Bikes could be rented through the Print office (Red 115 Building) @ $2 for under an hour, and then $1 for each additional hour. The rental would be limited to 24hrs to keep down theft, costs and damages down. Student/Faculty cards would be loaded with money and card would be swiped after each use, deducting the fee from your account.
Location : South/East corner of Dundas and McCaul, on North side of Red 115 Building. The space is currently unused. There is more then enough ground space for bikes/racks and wall space could be used for advertising which would go towards funding this project.
Cost : 2 small bike racks @ $350 each, 25 good quality bikes @ $200.00 to $400.00 each, locks for each bike @ $25.00 each.