Citi Bike prices to rise? - FOX13 News, WHBQ FOX 13

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: July 25, 2014

    Friday Night Live: July 25, 2014

    Friday, July 25 2014 10:31 PM EDT2014-07-26 02:31:59 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: QuickChek New Jersey Festival of Ballooning, Stephen "Twitch" Boss, actress Mary Lynn Rajskub, and Michael Chernow and Chef Daniel Holzman of the Meatball Shop.
    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: QuickChek New Jersey Festival of Ballooning, Stephen "Twitch" Boss, actress Mary Lynn Rajskub, and Michael Chernow and Chef Daniel Holzman of the Meatball Shop.
  • G subway line shutting down for 5 weeks

    G subway line shutting down for 5 weeks

    Friday, July 25 2014 9:37 PM EDT2014-07-26 01:37:26 GMT
    Beginning Friday night, a portion of the G subway line that connects Brooklyn and Queens will be shut down for five weeks.
    The MTA says there will be no service between the Nassau Avenue station in Greenpoint and Court Square in Long Island City until Sept. 2.
    Beginning Friday night, a portion of the G subway line that connects Brooklyn and Queens will be shut down for five weeks.
    The MTA says there will be no service between the Nassau Avenue station in Greenpoint and Court Square in Long Island City until Sept. 2.
  • The Big Idea

    Making New York City more energy efficient

    Making New York City more energy efficient

    Friday, July 25 2014 8:45 PM EDT2014-07-26 00:45:49 GMT
    More than half the population of New York City rides public transportation to work. No other metropolis in this country even approaches that percentage or the MTA's total number of riders. For that reason, New York likely ranks as the most energy-efficient city in the nation. But what would it take to make the city even more energy-efficient or even self-sufficient?
    More than half the population of New York City rides public transportation to work. No other metropolis in this country even approaches that percentage or the MTA's total number of riders. For that reason, New York likely ranks as the most energy-efficient city in the nation. But what would it take to make the city even more energy-efficient or even self-sufficient?
Powered by WorldNow

WHBQ-TV | Fox 13
485 S. Highland St.
Memphis, TN 38111

Main Station: (901) 320-1313
Newsroom: (901) 320-1340

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices