Nice Ride gets $1.78 million for expansion of bike sharing system From the Minneapolis / St. Paul Business Journal.
This is apparently for a capital expansion, but as noted before, the system is quite expensive to operate, and requires more labor than buses on a per ride basis.
More to the point, this 4.5 million in capital (let's say the capital lasts 4.5 years, or 1 million per year annualized)) is for a system that served 100,000 riders last year, and probably will continue at a similar level. This implies a capital subsidy of $10 per ride (not as expensive as NorthStar, but not cheap either). Obviously if they double use, this halves the capital subsidy, but it is not cheap. Just sayin'.