An excerpt
There will be a minimum of 800 bikes placed throughout the three municipalities, with 102 docking stations planned.
Under the 5-year contract, the three municipalities would share 10 percent of the profits, NJ.com has reported. The program is expected to be launched over the summer at no cost to the taxpayers, Jersey City officials said.
Hoboken approved its contract for the bike-share program in late February. The program is expected to roll out in June in Hoboken.
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