NYC Subsidizes Lightly-Used Ferries. Why Not Hugely Popular Bike-Share?
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The Wall Street Journal reports that Citi Bike is in the red, needing “tens of millions of dollars” to keep running. The de Blasio administration hopes that private money will be found to rescue Alta Bicycle Share, the company that operates Citi Bike, which is the only large bike-share system in the country not to get public funds. […]