Regions Bank has donated seven bicycles to start a Razorbikes program at the University of Arkansas-Fayetteville. They idea is that you can borrow, ride and return them for free.
Remember when Little Rock tried this? How many days/hours was it before all were stolen? Perhaps college students will be more trustworthy. (Noted: You must register to be given a passcode to unlock the bikes, so that should prove some impediment to thievery.)
The university and student government, which are sponsoring the project, hope eventually to provide 50 bikes for use on campus.