*L*E*G*A*C*Y*
Done.
Citi Bike honchos need tens of millions of dollars to save the struggling bicycle-share program — but Mayor de Blasio said Friday that it won’t come from the wallets of New York City taxpayers.
“At this point, city budget money is not on the table,” he said. “We will collaborate with them to help them find ways to be more efficient and more effective.”
The program was launched last year with a promise from Mayor Michael Bloomberg that it would not require public funding.
But lawsuits, glitches and a lack of use have made Citi Bike’s first year a rough ride — and the program needs a small fortune to stay in business, The Wall Street Journal reported Friday.
Alta Bicycle Share, Citi Bike’s parent company, could generate revenue by raising the annual membership fee of $95, but a City Hall source said that can’t happen until it fixes its operations.
Department of Transportation officials said that rather than raise rates, the program needs to capitalize on all the publicity it got in its first year to win new sponsors as well as private financing.
http://nypost.com/2014/03/22/de-blasio-refuses-public-funds-for-foundering-citi-bike-program/
sorry if thread has already been made. I hate these bikes.
“At this point, city budget money is not on the table,” he said. “We will collaborate with them to help them find ways to be more efficient and more effective.”
The program was launched last year with a promise from Mayor Michael Bloomberg that it would not require public funding.
But lawsuits, glitches and a lack of use have made Citi Bike’s first year a rough ride — and the program needs a small fortune to stay in business, The Wall Street Journal reported Friday.
Alta Bicycle Share, Citi Bike’s parent company, could generate revenue by raising the annual membership fee of $95, but a City Hall source said that can’t happen until it fixes its operations.
Department of Transportation officials said that rather than raise rates, the program needs to capitalize on all the publicity it got in its first year to win new sponsors as well as private financing.
http://nypost.com/2014/03/22/de-blasio-refuses-public-funds-for-foundering-citi-bike-program/
sorry if thread has already been made. I hate these bikes.
