3 year old Schwinn 113 exercise bike, ridden about 60 miles/week. Has a
belt driven flywheel with an eddy current resistance mechanism. Recently,
the peddles have begun to briefly lose resistance. I had thought the belt
was slipping, which is what it feels like when you're riding, but after
taking the cover off, I see this is not the case; the belt & its tensioner
are fine. The freewheel mechanism is slipping. Rather than having a
ratcheting pawl mechanism like a derailer street bike, the freewheel
mechanism consists of a smooth shaft on the end on the pulley, which rides
in the middle of the flywheel on what appears to be a roller bearing, but
one which will only rotate in one direction. For support, the axle and the
pulley shaft actually ride on regular sealed ball bearings at each end, this
middle roller section appears to only provide the freewheel action. Has
anyone seen this type of unit/failure, and is there a way to repair it w/o
replacing the flywheel, which would likely cost more than the bike's worth?
I have no idea what parts availability would be for this thing. Since it's
not a street bike, I can probably live w/o the freewheel action, and will
likely rig up a way of just locking the pulley to the flywheel if a repair
isn't reasonably doable.

TIA

Dan