OK, instead, let's take the C&C and state's $2M.  Then offer tax credits equal to five times the value of a bicycle a person purchases.  Or give away 10,000 $200 bikes.  Biki does not make any economic sense, is too inconvenient, and is destined to fail, with $2.50 bus rides available.

From my Maikiki home, I would have to walk 0.7 miles to get to the nearest Biki station, then ride for 1.2 miles to the station at the main branch of Bank of Hawaii, then walk a block back to my office.  It would doulbe the time my commute takes currently with my own bike.  This is way too inconvenient and costly for locals...maybe not for tourists who are used to cycling.