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New York's Citi Bike Announces Major Changes

Prices will go up for the hugely popular bike-share service, but infrastructure will see a big overhaul in return.
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Citi Bike, the hugely popular New York City bike-share system that has been plagued with technical and financial problems, is getting a fresh start, thanks to a new investor with deep pockets and a high-profile change in management.

The deal was announced yesterday at a press conference outside the Queensbridge housing projects in Long Island City, one of several neighborhoods in Brooklyn, Queens, and Manhattan where the system is now slated to expand over the next three years. By the end of 2017, if the new management keeps its promises, the city will have 700 stations with 12,000 bikes, with 1,000 new bikes coming online next year.