"Portland-based" Alta Bike Share is shutting down and moving to New York, as they've been bought out by an investment company there that hopes to salvage Alta's faltering Manhattan bike-share program. It lost five and a half million dollars in its first 18 months, but the company hopes to expand its membership base by raising annual membership fees by $54 a year. Yep, that oughta work.
Just keep throwing money at it and Hope for Change. I've lost track of the number of Green&Sustainable companies that Portland's courted and convinced to move in (generally with multimillion-dollar "public-private partnership" arrangements - only to have them go belly-up or move.