Citi Bike boss Justin Ginsburgh has resigned
More bad news for Citi Bike: The cash-strapped bike-share program has lost its general manager
Thu Mar 27 2014
Photograph: Noffar Gat
What a week it's been for Citi Bike! First, news broke that the blue bike-share program needs many millions to survive—$14 million is what the operator, Alta Bicycle Share, said it needs, but The New York Times claims it's more like $20 million. And now, it turns out general manager Justin Ginsburgh is stepping down, or already has: He submitted his resignation about three weeks ago.
All this bad press comes at a time when the city is more and more frustrated with Alta, whose software issues and money problems are mostly being blamed on its senior management. The company's myriad financial woes are delaying exactly what Citi Bike needs to do to stay afloat, such as attracting tourists and other short-term users, and expanding to new neighborhoods.
So what does it mean for the financially ailing blue-bike program, which is coming up on its one-year anniversary? It's up in the air; De Blasio has already said city dollars won't go toward bailing Citi Bike out, but Polly Trottenberg, the city's transportation commissioner, said: "We remain committed to working with the system's operator to address its financial and operational issues to ensure it meets the needs of its riders going forward."
(h/t New York Daily News)
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Editor: Marley Lynch (@marleyasinbob)