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Old 03-07-14 | 09:54 PM
  #168  
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flattie
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Joined: Oct 2008
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From: Long Island, NY

Bikes: Raleigh M20; Jamis Bosanova & timesharing a citibike

Various news outlets are suggesting a rate hike is coming.

http://gothamist.com/2014Despite fevered assurances that the bankruptcy of Citi Bike tech manufacturer Bixi would not impact business, it seems the bike share program is having some financial difficulties of its own. Transportation Commissioner Polly Trottenberg revealed yesterday that the program may be forced to increase its generally affordable rates in order to stay solvent.
“We’re talking to them,” Trottenberg said yesterday, according to the Daily News. “I would put it this way — all options are on the table. I think everyone agrees it turned out to be a real bargain for New Yorkers, who used the system twice as much as users of other cities.”

Currently, a Citi Bike annual membership costs $95, and a 7-day pass costs $25 and a day pass is $9.95.
/03/07/citi_bike_rate_increase.php
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