Whoah there.

Yes, what are called Flexible Federal Funds, from the US DOT , administered through Metro and ODOT went into the pile of cash earmarked for what eventually evolved into BikeTown bike share, you are wrong about roads. 

Specifically, the City Council in  2011 killed a plan to do serious safety work on SW Barbur Blvd. between AW 19th and SW 26th, including bike lanes and sidewalks in a really bad area, and diverted the money to  trying to bail out MIa's company.