City says Lyft plans to invest $100 million in Citi Bike expansion
New York City has reached an agreement with Lyft, the new owner of Citi Bike’s parent company, to “dramatically expand” the Citi Bike bike-share program.
Under the agreement, Lyft will invest $100 million to improve the system and double its service area, the Mayor’s Office announced yesterday.
Still, don’t expect an immediate expansion to far-flung areas of the city like Coney Island and Flatlands in Brooklyn or Ozone Park and Bayside in Queens.