Bike share programs prone to vandalism and theft

The following article appeared in the print edition of the Financial Times on March 2, 2018 -- it speaks to the challenges that bike share programs have faced in Europe in creating a viable business model due to rampant vandalism and theft.  

https://www.ft.com/content/1e8ce02e-1c7c-11e8-956a-43db76e69936

It would be interesting to hear from SFMTA and the City how they plan to learn from other city's experiences in setting up the San Francisco bike sharing program for success. In addition, this article shows that our neighborhood's concerns about vandalism and theft negatively impacting neighborhood safety as well as beauty of Alta Plaza Park, one of the most attractive parks in the city, are legitimate concerns.  Bike sharing stations should be placed in commercial areas where vandalism will be deterred because of dense pedestrian presence and existing surveillance systems, not on a quiet residential corner.