Citi Bike to Pay New York $5 M. Annually for Parking, Not Much Else at the Moment
Citi Bike will pay the city $5 million a year for lost parking revenue—the only revenue the city is likely to see for a while.
Bike Share Holdings LLC
Big Blue Bike Buy: Investors Acquire Citi Bike, Take the Rest of Alta, Too
Bike Share Holdings LLC, a newly-formed investment venture that includes the CEOs of upscale fitness company Equinox and its parent company the Related Companies, has purchased both Citi Bike and its parent company, Portland, Ore.-based Alta Bicycle Share, the company announced today, in a move that will double the size of New York's shared bicycle fleet, while at the same time increasing costs.
