If the deal with REQX Ventures goes through to save Citi Bikeand it's expected to close within a weekthe floundering bike share program would get a much needed cash infusion that would nearly double the number of bikes on the street from 6,200 to about 12,000. The expansion would happen over the next few years, and bring the bikes further in to Brooklyn, Queens, and Upper Manhattan. [WSJ; previously]
Filed under:
Loading comments...