Posted by From the Oregonian:
The 2030 Portland Bicycle Plan, envisioning a future when 25 percent of trips are made by bike, is expected to coast to approval when it goes before the City Council on Thursday.
It’s easy to green-light America’s most ambitious investment in bicycling when it would be funded down the road. But according to city transportation officials, the plan to build 681 miles of new bikeways over the next 20 years will eventually cost $613 million.
By comparison, the MAX Green Line cost $575 million, and all transportation projects in the metro area add up to about $630 million a year.
Read the entire story from OregonLive.com by clicking here. BikePortland.org has responded, which can be found by clicking here.
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So the estimated annual cost is around $30M per year over the 20 year period.