Saturday, October 25, 2014
[Photo by Derek Berg]
According to various published reports, REQX Ventures has purchased Citi Bike from Alta Bicycle Share.
The sale will likely see the price of annual memberships rise from $95 to about $145, though that number has yet to be confirmed.
Per Capital New York, REQX Ventures is run by people affiliated with Related Companies — developer of the Time Warner Center and Hudson Yards — and its subsidiary Equinox.