Mayor Eric Adams says he would “love” to subsidize Citi Bike and control fares as the bike share system increases in price, but is not ready yet to commit to fulfilling a pledge he made during his campaign for mayor.
Lyft, the rideshare giant which owns and operates Citi Bike, has raised prices on the bike share program twice this year, blaming the hike on the high costs of maintaining its popular electric bike fleet. Unlocking a Citi Bike, either manual or electric, now costs $4.79, and riding an e-bike will tack on an additional 36 cents per minute such that riding for just 15 minutes will see the fare top $10.
