rss
05-28-2014, 04:43 AM
Citi Bikes Are a Wild Success, But Will They Survive?
http://rack.2.mshcdn.com/media/ZgkyMDE0LzA1LzI4Lzk4L2NpdGliaWtlLjlmM2Q1LmpwZwpwCX RodW1iCTU3NXgzMjMjCmUJanBn/647f3bcd/243/citibike.jpghttp://rack.3.mshcdn.com/assets/feed-tw-df3e816c4e85a109d6e247013aed8d66.jpg (http://twitter.com/share?via=Mashable&text=Citi+Bikes+Are+a+Wild+Success%2C+But+Will+The y+Survive%3F&src=http%3A%2F%2Fmashable.com%2F2014%2F05%2F27%2Fc iti-bike-one-year-anniversary%2F%3Futm_campaign%3DMash-Prod-RSS-Feedburner-All-Partial%26utm_cid%3DMash-Prod-RSS-Feedburner-All-Partial%26utm_medium%3Dfeed%26utm_source%3Drss)htt p://rack.1.mshcdn.com/assets/feed-fb-fdab25e3700868c9621fb03b7fd07c38.jpg (http://www.facebook.com/sharer.php?u=http%3A%2F%2Fmashable.com%2F2014%2F05 %2F27%2Fciti-bike-one-year-anniversary%2F%3Futm_campaign%3DMash-Prod-RSS-Feedburner-All-Partial%26utm_cid%3DMash-Prod-RSS-Feedburner-All-Partial%26utm_medium%3Dfeed%26utm_source%3Drss&src=sp)
If there is one problem with Citi Bike, it's the looming financial mess that threatens to consume it.
New York City's privately funded bike-share program reportedly needs a quick influx of "tens of millions" of dollars to stay afloat — and that was before the city said that Alta Bicycle Share Inc., Citi Bike's operator, owes an additional $1 million (http://online.wsj.com/news/articles/SB10001424052702304479704579579912112246926) for the lost parking revenue eaten up by bike racks that eliminate potential parking spots. Without expanding to different boroughs, more revenue from tourists and a potential price hike, operational costs could force the bike-sharing program to shut down. Read more... (http://mashable.com/2014/05/27/citi-bike-one-year-anniversary/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)
More about New York City (http://mashable.com/category/new-york-city/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), Bikeshare (http://mashable.com/category/bikeshare/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), Advertising (http://mashable.com/advertising/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), Marketing (http://mashable.com/marketing/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), and Apps Software (http://mashable.com/apps-software/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)http://feeds.feedburner.com/~r/Mashable/~4/wxVa0e_d448
http://rack.2.mshcdn.com/media/ZgkyMDE0LzA1LzI4Lzk4L2NpdGliaWtlLjlmM2Q1LmpwZwpwCX RodW1iCTU3NXgzMjMjCmUJanBn/647f3bcd/243/citibike.jpghttp://rack.3.mshcdn.com/assets/feed-tw-df3e816c4e85a109d6e247013aed8d66.jpg (http://twitter.com/share?via=Mashable&text=Citi+Bikes+Are+a+Wild+Success%2C+But+Will+The y+Survive%3F&src=http%3A%2F%2Fmashable.com%2F2014%2F05%2F27%2Fc iti-bike-one-year-anniversary%2F%3Futm_campaign%3DMash-Prod-RSS-Feedburner-All-Partial%26utm_cid%3DMash-Prod-RSS-Feedburner-All-Partial%26utm_medium%3Dfeed%26utm_source%3Drss)htt p://rack.1.mshcdn.com/assets/feed-fb-fdab25e3700868c9621fb03b7fd07c38.jpg (http://www.facebook.com/sharer.php?u=http%3A%2F%2Fmashable.com%2F2014%2F05 %2F27%2Fciti-bike-one-year-anniversary%2F%3Futm_campaign%3DMash-Prod-RSS-Feedburner-All-Partial%26utm_cid%3DMash-Prod-RSS-Feedburner-All-Partial%26utm_medium%3Dfeed%26utm_source%3Drss&src=sp)
If there is one problem with Citi Bike, it's the looming financial mess that threatens to consume it.
New York City's privately funded bike-share program reportedly needs a quick influx of "tens of millions" of dollars to stay afloat — and that was before the city said that Alta Bicycle Share Inc., Citi Bike's operator, owes an additional $1 million (http://online.wsj.com/news/articles/SB10001424052702304479704579579912112246926) for the lost parking revenue eaten up by bike racks that eliminate potential parking spots. Without expanding to different boroughs, more revenue from tourists and a potential price hike, operational costs could force the bike-sharing program to shut down. Read more... (http://mashable.com/2014/05/27/citi-bike-one-year-anniversary/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)
More about New York City (http://mashable.com/category/new-york-city/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), Bikeshare (http://mashable.com/category/bikeshare/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), Advertising (http://mashable.com/advertising/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), Marketing (http://mashable.com/marketing/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), and Apps Software (http://mashable.com/apps-software/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)http://feeds.feedburner.com/~r/Mashable/~4/wxVa0e_d448