Citi Bike prices to rise? - myfoxcarolinas.com

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>>

  • Friday Night Live: August 29, 2014

    Friday Night Live: August 29, 2014

    Friday, August 29 2014 11:14 PM EDT2014-08-30 03:14:33 GMT

    This is Fox 5's Friday Night Live, a weekly celebration of the end of the work week. All summer long, the Fox 5 team brings you the latest in entertainment, nightlife, food, and music in our area. In this jam-packed episode: Electric Zoo Festival, Beth Shak, Richard Albrecht, Kathy Wakile, and Moses Laboy .

    This is Fox 5's Friday Night Live, a weekly celebration of the end of the work week. All summer long, the Fox 5 team brings you the latest in entertainment, nightlife, food, and music in our area. In this jam-packed episode: Electric Zoo Festival, Beth Shak, Richard Albrecht, Kathy Wakile, and Moses Laboy .


  • Cocktails with Moses Laboy

    Cocktails with Moses Laboy

    Friday, August 29 2014 10:49 PM EDT2014-08-30 02:49:46 GMT
    Mixologist Moses Laboy came to Friday Night Live to mix up some cocktails to get us started on the holiday weekend. Born and raised in Spanish Harlem, Laboy has mixed drinks at Red Rooster, Los Americanos, Le Colonial NYC, and elsewhere. He has served drinks to President Obama and President Clinton.
    Mixologist Moses Laboy came to Friday Night Live to mix up some cocktails to get us started on the holiday weekend. Born and raised in Spanish Harlem, Laboy has mixed drinks at Red Rooster, Los Americanos, Le Colonial NYC, and elsewhere. He has served drinks to President Obama and President Clinton.
  • Business is good at Coney Island

    Business is good at Coney Island

    Friday, August 29 2014 10:22 PM EDT2014-08-30 02:22:32 GMT
    From the brand-new Thunderbolt roller coaster to the world-famous boardwalk, tourists and business owners alike say Coney Island had a great ride of its own this summer. Toms Coney Island's general manager Vasilios Tourlokas says the mild summer impacted his boardwalk business in the best way possible: a 10 to 15 percent increase.
    From the brand-new Thunderbolt roller coaster to the world-famous boardwalk, tourists and business owners alike say Coney Island had a great ride of its own this summer. Toms Coney Island's general manager Vasilios Tourlokas says the mild summer impacted his boardwalk business in the best way possible: a 10 to 15 percent increase.
Powered by WorldNow

WJZY FOX 46
3501 Performance Rd.
Charlotte, NC 28214
Main Number: (704) 398-0046

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