PORTLAND — Portland’s bike-rental program is finally here.

One-thousand bikes will be available for a fee. The bikes are located at orange-colored racks located throughout much of the city.

The Nike-sponsored program that’s being called Biketown is taking off three years later than what city leaders originally envisioned.

The cost to ride will be $2.50 for 30 minutes. When frequent trips are necessary, a $12 pass allows for three hours of ride time throughout the day.