Chatham Area Transit (CAT) officials have decided to stop its bike share program.
Due to market changes, low participation and lack of funding, the program is ending its nearly four year run on Dec. 31.
Savannah was the first city in the state to offer a publicly-operated bicycle sharing program.
CAT and the City of Savannah set up two stations with 16 bikes. Half of the revenues collected would go to the city and half would go to CAT.
In 2017, the program was set to expand throughout the city. But due to federal regulations, CAT could not use funding from the Federal Transit Administration to purchase the necessary bikes.
For the program to grow, CAT says alternative funding would have had to be secured.
In addition, CAT says their bikes are outdated and private companies are expected to enter the market soon.
They say the city has been approached by private bike share companies and officials have indicated they plan to let them enter the local market.
“We were just not able to expand the bikeshare program as we had hoped or keep up with the technology advances in this special niche market,” CAT CEO Curtis Koleber stated.