The perils of tying a crucial public service to Silicon Valley whims.
down to the payment structure. The latter model is the one preferred by many advocates. “When you make bike share part of public transit, then you start to see it as this tool to fill in the gaps in areas not served by existing parts of the system,” says Kiran Herbert, communications manager at the Better Bike Share Partnership. “You also recognize the need to subsidize it as you would transit.”
Even if Lyft starts making bike-share cuts in the name of cost savings, it’s unlikely New York City will see the same fate as Minneapolis. Although Minneapolis’s Nice Ride was, the maintenance of the older equipment was racking up expenses, and the system would have required a total upgrade to stay functional. This cost would have been peanuts to Lyft, especially as a newly minted owner of a bike-share-equipment company.
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