Monday, April 21, 2014

Leaked report suggests Citi Bike could make money without public subsidy

The analysis, acquired by Capital, suggests the following, now that the system's early software and start-up challenges have largely abated: If the bike system’s troubled operator (Alta Bicycle Share, which runs the city program through its subsidiary NYC Bike Share) and its troubled equipment supplier (Bixi) can find new, more competent owners or investors, the system could become a sustainable or even profitable operation, and could maybe even subsist at its current size without public funding.

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