The plan to sell a majority stake in the city’s struggling bike-share program to investors from Equinox gym (and its real-estate parent company) also includes a substantial price hike. Although negotiations with the de Blasio administration are still ongoing, the annual rate could rise from $95 to $140, or even $155, according to the Daily News, which cites “a source with knowledge of the discussions.” No matter where in the triple digits the total lands, “It’s well understood that fees will go up.” Mayor de Blasio, who has stated he won’t be using any public money to help, said yesterday that he plans “to make sure Citi Bike is on strong footing going forward.” Daily passes will likely stay at $9.95, because tourists get all the breaks around here.
