12/20/2012 08:21 pm ET Updated Feb 19, 2013

Bike Nation Announces Nine Kiosks For First Rollout Of Los Angeles Bike Share In April 2013 | Streetsblog Los Angeles

In just under an hour, Bike Nation will publicly announce the nine locations for kiosks in its initial rollout of what is promised to be a massive bike share system for Los Angeles. Last April, Bike Nation promised a 400 kiosk, 4,000 bike bike share system to be installed in Downtown Los Angeles, Westwood, Venice and Hollywood in the next several years. The bike share company promised to invest $16 million in its system. An independent estimate from one of their competitors estimates that they could earn $40 million in revenue in the next decade.