Students at the University of Sheffield Campus have partnered with the Heeley Development Trust to form ReCycle Bikes, taking abandoned and donated bikes and refurbishing what would otherwise likely end up in the trash and providing a n alternative form of transport. Students and staff pay 30 pounds for the recycled bikes. The school subsidized the rest of the cost to get the bikes up to the proverbial speed. This solution provides a way for students to stay healthy, get around and keep unwanted bikes from just rusting away.
[Via The Postcode Gazette: Discarded bikes recycled and peddled to students]