New York – New York City’s bike-sharing system is getting new owners who say they’ll double its size in the next three years.
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A private investor group headed by the CEO of real estate firm Related is buying Alta Bicycle Share and will move its headquarters from Portland, Oregon to New York City.
Alta runs New York’s Citi Bike as well as bike-share programs in Chicago, Boston, Toronto, Washington and other cities.
In New York, the price of an annual Citi Bike membership will rise from $95 to $149.
Officials plan to expand Citi Bike from 6,000 to 12,000 bicycles by the end of 2017. They’ll push into new neighborhoods including Long Island City, Queens and Brooklyn’s Park Slope.
Former Metropolitan Transportation Authority Chairman Jay Walder will be Alta’s new CEO.
more bikes, less parking. keep it up brilliant minds
Annual $150- bike membership.
Wow! Thats steep!
Pays to buy your own.
Jay Walder???!!! What’s the matter, they kicked him out of Hong Kong after ruining their subway like he did ours? This incompetent really screwed Brooklyn good when he headed the MTA. Among his achievements was rerouting the M Train, so it no longer served many Yidden, and he also eliminated the X-29 Express Bus which also mostly served Yidden. Good luck to Citybikes, he will run that into the ground as well, and you can be sure none will come to Heimishe neighborhoods.
if everyone loved the x-29 bus so much, why cant you all hire a private coach bus every morning that makes a few stops along coney island. it seems they’d make good money