[EVG file photo]
From the Post today:
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.
DOT Commissioner Polly Trottenberg said that she’s confident Citi Bike would resolve its problems and even expand.
“We all know Citi Bike has been tremendously popular with New Yorkers,” she said. “But there have been significant financial and operational issues, including redistribution of bikes to where the riders are and technology issues.”
The Wall Street Journal has more on all this "tens of millions of dollars" business here.
In January, Bixi — the Montreal nonprofit company that developed the technology that powers the Citi Bike program — filed for bankruptcy protection.
Citi Bike launched here last May.