[This morning at 13th and A]
Mayor Bloomberg said yesterday that the Citi Bike program hasn't turned a profit yet some six months after the bike-rental program launched.
Per the Post:
“It is, I think, better than anybody had anticipated in terms of usage,” Bloomberg said during a press conference at the Department of Transportation.
“It’s a way to commute, it’s a mass-transit system that requires no federal, state or city monies whatsoever.”
The program is run in conjunction with NYC Bike Share, a subsidiary of Alta Bicycle Share, which designs and manages the massive system of docking stations.
“If they make money, we’re going to share in the profits,” Bloomberg said.
“So, you know, everybody should be happy with this.”