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Citibank’s Citibike is Citibroke and Looks for CitiBailout

You’ve probably been hearing through the airwaves that the highly successful bike sharing program of NYC, Citibike is facing finnacial woes. Hampered by a brutal winter, which greatly decreased ridership, there also seems to be some short sighted planning from the system creator Alta, based out of Portland.

Apparently this bike share is the [...]

Citigroup: to big to fail…bicycles.

Despite the world financial crisis, banks seem to be doing alright here in NYC. Barclay’s is bringing a basketball stadium to downtown Brooklyn and is already announcing concert series, such as the Sounds of Reggae.

Meanwhile it looks like Citigroup is the $41 million sponsor of the upcoming bike sharing program in NYC [...]

Bike sharing coming to NYC

The big news last week was New York City is going to be the next American city to begin a bike sharing program. 10,000 bikes will be placed on the street at 600 solar powered stations. This is another effort by the incredibly bike friendly D.O.T. to give more space to bicycles and increase [...]