Interesting. I'm in Montreal, the birthplace of Bixi, which runs the London bike share program, and the upcoming NYC program as well as many others. Works fairly well, but apart from the cost the docking stations cost the city parking revenue.
One major administrative cost is moving bikes around. People tend to take them downtown during the day, and out of the town at night. Even if you don't need docks, you still have to move bikes.
One major administrative cost is moving bikes around. People tend to take them downtown during the day, and out of the town at night. Even if you don't need docks, you still have to move bikes.