Quantcast

Gotham Gazette

The Place for New York Policy and politics

Citizens Union

Eye Opener

Subscribe
to our Newsletters

By subscribing to Gotham Gazette's free newletters you will receive The Eye-Opener, our daily morning round-up of the day's news, and our occasional afternoon newsletter of original Gotham Gazette content.

* indicates required

Today's Lead: Citi Bike Needs Millions To Survive

by Mike Muller, Mar 21, 2014
 

eyeopenerbw2

The popular Citi Bike program is facing serious financial and operational troubles, and officials are looking for ways to raise tens of millions of dollars to save it. Those running the program are hoping the de Blasio Administration will allow them to raise rates. One reson for the revenue shortfall is that more 24-hour rentals were expected, as opposed to the less profitable yearly memberships. Damages from Superstorm Sandy and software glitches created other problems. But advocates blame Alta Bicycle Share, the company operating Citi Bike, for failing to improve the program, resolve problems, and find new sponsors beyond Citigroup.

Other Stories We're Following

Mayor Vows Reforms On Rikers Island (NY Times)

Kid Sneaks To Top Of WTC, Which Has No Cameras (NY Post)

Congestion Pricing Plan Gains Actual Momentum (Capital)

De Blasio Finding Victories In Pursuit Of Liberal Agenda (NY Times)

Public Authorities' Financial Data Now Available Online (Associated Press)

City To Broker Peace Between Schools Sharing Space (WNYC)

Pols Silent As Thousands Await Charter Spots In Their Districts (NY Post)

City To Revamp Bloomberg’s Restaurant Grades (Capital)

Dream Act Revived In Assembly Budget Negotiations (Wall Street Journal)

Housing Chief Says Plan Will Be Unveiled By May (Crain's)

D Train Grimiest In Subway System (DNAinfo)

Tuberculosis Cases Rise In City (am New York)


Editor's Choice


Gotham Gazette: With a Smirk, Bharara Diagnoses New York Corruption Problem With a Smirk, Bharara Diagnoses New York Corruption Problem Gotham Gazette: Public Conversation on New Veterans Department Begins Public Conversation on New Veterans Department Begins Gotham Gazette: The Evolving Definition of Transparency The Evolving Definition of Transparency

Comments
Comment(s)

The comments section is provided as a free service to our readers. Gotham Gazette's editors reserve the right to delete any comments. Some reasons why comments might get deleted: inappropriate or offensive content, off-topic remarks or spam.