Bike sharing coming to New York?

I’m in New York City today, I’ve come home again for a baptism that was rescheduled due to last month’s hurricane.  It’s just a short trip for the weekend, so I’ve only brought a carry-on bag. Because I’m traveling light, I was able to take a bike to the train station this morning, which is always nicer than taking the tram.

I use the Brussels bike-share scheme every day actually, it’s quite nice to have in a city with not very comprehensive public transportation. It’s quite simple really. For €30 a year I can check out a bike from any the stations scattered around Brussels and return it to a different station at my destination. It’s free as long as I return it to another station within a half hour. If I want to take it out for longer, it’s €1 for every 30 minutes. It’s particularly nice because my apartment is downhill from my office, so I take the metro to work and check out a bike to coast home.

Today I’ve learned that New York is considering implementing a similar scheme. But will it work in New York as well as it’s worked in European cities?