The Portland, Oregon regional TriMet transit agency announced they will spend $1 million in Federal ARRA (stimulus) funds to expand and improve bike parking facilities throughout the Portland transit system. That $1 million will create 250 new bike parking spots at two stations and upgrade another 100 bike lockers at another station.
"More riders are using bikes to get to transit, and with limited options for bringing bikes on board, having more secure bike parking facilities helps to make the bike/transit connection work," said TriMet General Manager Fred Hansen.
Caltrain in the San Francisco Bay Area, in the meantime, will receive $200,000 in ARRA funds to add 8 additional bike spots on each of 32 bike cars. With at least 4 trips for each bike car during the work day, that's a capacity for over 1,000 more bicycles every day, and the work will be complete within the next 60 days.
Caltrain has provided four times the capacity of TriMet's bike parking at one fourth the cost and in less time.
Accommodating bikes on board transit is a win for transit agencies that serve suburban populations. Encouraging bikes on transit expands the pool of potential transit users significantly, probably more than any other accomodation you can make for the price.
See also Why Transit Needs Bikes.