Feb. 9, 2016 Staff Report
The cost of an annual Citi Bike membership will be going up March 1 from $149 to $155, the company overseeing the program announced Tuesday.
The modest increase comes about six months after Citi Bike introduced the bikes to Long Island City, the only neighborhood in Queens that has them. Twelve docking stations were installed in August to much celebration.
Motivate, the company that runs the program, said in a statement that the increase is needed to keep up with the cost of administering the system.
The company said members have the option of paying in monthly installments of $14.95, with an annual commitment.
A 15 percent discount is offered to cyclists who sign up for an annual membership for the first time and use their IDNYC.
NYC Housing Authority residents will still received discounted memberships at $60 per year.
Citi Bike is expected to add stations in Astoria by the end of 2017.
Citi Bike is run by former MTA head Honcho Jay Walder. I give it a year or two before they’re broke.