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Permalink Reply by Duppie on October 28, 2014 at 10:54am

Is that the same company that bought Citibike and plans to raise the prices significantly in NYC?

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Permalink Reply by Kevin C Dormant on October 28, 2014 at 11:02am

I'm anxious to hear how much the federal government ($25M in grant money) and City of Chicago ($6.25M in local matching funds) stand to recover from the sale. Surely a public-private partnership has public reporting requirements?

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Permalink Reply by BritBoy on October 28, 2014 at 11:06am

http://nymag.com/daily/intelligencer/2014/10/citi-bike-getting-bigg...

Duppie said:

Is that the same company that bought Citibike and plans to raise the prices significantly in NYC?

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Permalink Reply by Duppie on October 28, 2014 at 12:02pm

I believe that Alta Bikeshare merely operated the Divvy program. This city owns all the hardware: bikes, stations, trucks, etc. which was paid for by the federal grant.
The article did not mention whether bikeshare holdings would take ownership of the hardware.

Kevin C said:

I'm anxious to hear how much the federal government ($25M in grant money) and City of Chicago ($6.25M in local matching funds) stand to recover from the sale. Surely a public-private partnership has public reporting requirements?

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Permalink Reply by S on October 28, 2014 at 2:43pm

Duppie said:

I believe that Alta Bikeshare merely operated the Divvy program. This city owns all the hardware: bikes, stations, trucks, etc. which was paid for by the federal grant.
The article did not mention whether bikeshare holdings would take ownership of the hardware.

If Alta doesn't own the hardware how can the company buying Alta take ownership of the hardware?  Unless they made a deal with the city and Feds.

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Permalink Reply by Julie Aberman (Hochstadter) on October 29, 2014 at 7:41am

We will have to wait and see if rates will increase....

Duppie said:

Is that the same company that bought Citibike and plans to raise the prices significantly in NYC?

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