Citi Bike prices to rise? - FOX 13 News

Citi Bike prices to rise?

Posted: Updated:
A CitiBike rack at East 7th St. and Ave. A in Manhattan. (MyFoxNY) A CitiBike rack at East 7th St. and Ave. A in Manhattan. (MyFoxNY)
NEW YORK (MYFOXNY) - With just a little over a year into service, the problem- plagued bike sharing program known as Citi Bike could be on the verge of raising the annual membership fee.

City officials are in discussions to raise the price from $95 to $140- $155 and save it from bankruptcy, reported the NY Daily News.  

The program which has had financial problems from the beginning, would not be raising the 24-hour pass price of $9.95 per hour.

CITI BIKE: IMMENSLEY POPULAR BUT NOT PROFITABLE

The investment firm REQX Ventures is reportedly in negotiations with the city to purchase a majority stake in the company that oversees Citi Bike through a subsidiary, according to the News.

Starting Monday, Citi Bike will be testing a valet service at a dock on Ave. A and East 7th St. At least two employees will man the bikes and help riders find a place to park from 7 p.m. - 11 p.m., reported AMNY.com.

A special debut of the valet service is taking place at Pearl St. and Hanover Square in Manhattan; along with Henry and Poplar Streets in Brooklyn Friday, 6 p.m. - 11 p.m.

  • Local NewsLocal NewsMore>>

  • Officials: Piece of jet fell onto Long Island yard

    Officials: Piece of jet fell onto Long Island yard

    Saturday, August 23 2014 2:33 PM EDT2014-08-23 18:33:40 GMT
    Authorities are trying to figure out how if a metal part from a jet airliner fell out of the sky and landed in a Long Island yard.
    Authorities are trying to figure out how if a metal part from a jet airliner fell out of the sky and landed in a Long Island yard.
  • Thousands march in Staten Island to honor Eric Garner, Michael Brown

    Thousands march in Staten Island to honor Eric Garner, Michael Brown

    Saturday, August 23 2014 1:35 PM EDT2014-08-23 17:35:39 GMT
    Thousands of protesters packed in cars and caravans, crossed over the Verrazano-Narrows Bridge Saturday to protest the death of Eric Garner, the man who died last month after being put in a chokehold by an NYPD officer.
    Thousands of protesters packed in cars and caravans, crossed over the Verrazano-Narrows Bridge Saturday to protest the death of Eric Garner, the man who died last month after being put in a chokehold by an NYPD officer.
  • Police: 5 suspects wanted in Central Park attack

    Police: 5 suspects wanted in Central Park attack

    Saturday, August 23 2014 12:27 PM EDT2014-08-23 16:27:52 GMT
    Police are looking for five suspects in a Central Park pellet attack they're investigating as a hate crime.
    Police are looking for five suspects in a Central Park pellet attack they're investigating as a hate crime.
Powered by WorldNow

FOX 13 / WTVT-TV
3213 West Kennedy Blvd.
Tampa, Florida 33609
Main: (813) 876-1313
Newsroom: (813) 870-9630
Fax: (813) 871-3135

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices