It's terrible lane design.
The bike lane should cut in (with dotted lines) so that it is between the through vehicle traffic and the turning vehicle traffic. Turning vehicles should signal and cross the dotted portion of the bike lane when clear of bikes, and then enter the turning lane, free to focus on vehicle traffic, not bikes:
In Europe where vehicles have right of way over pedestrians, and green lights mean you may proceed without yielding to anything, most of these situations get much simpler. Having to yield to pedestrians when you have a green light is adding another decision process for the driver, and introducing a greater chance of error.