Over the summer, local transportation planners submitted a $10M proposal for TIGER (Transportation
Investment Generating Economic Recovery) funds for a 1600-bike, regional bike-sharing system. The stimulus act appropriated $1.5 billion of discretionary grant funds to
be awarded by the DOT for
capital investments in surface transportation infrastructure. The proposal was approved by the TPB and then submitted to the FTA.
All proposals were due by September 15th and so, now, they're all in. Nationally, there are $57 billion worth of requests for that $1.5B of money. Yikes. Those are tough odds. The DOT will start announcing "winners" as soon as possible and all money will be allocated by Feb. 17, 2010.