Portland’s Alta Bicycle Shareis making headlines in New York City this week as the company’s Citi Bike program continues to struggle with financial and management issues.
Now, multiple news organizations are reporting the resignation of Citi Bike’s 33-year-old manager.
Justin Ginsburgh reportedly resignedfrom the helm of the bicycle-sharing program three weeks ago, according to the Wall Street Journal.
The resignation came before amid reports of financial mismanagement, and calls for new
…
Portland’s Alta Bicycle Shareis making headlines in New York City this week as the company’s Citi Bike program continues to struggle with financial and management issues.
Now, multiple news organizations are reporting the resignation of Citi Bike’s 33-year-old manager.
Justin Ginsburgh reportedly resignedfrom the helm of the bicycle-sharing program three weeks ago, according to the Wall Street Journal.
The resignation came before amid reports of financial mismanagement, and calls for new investors to expand the program. Alta, led by former city of Portland bike planner Mia Birk, runs eight bike-sharing programs in the U.S. and Australia. Plans to start a similar program in Portland are now shelved till at least 2015.
According to The Daily News, Alta’s New York City subsidiary “has repeatedly failed to meet several monthly performance standards in its contract with the city.”
“Mayor de Blasio has ruled out a city bailout, but it is possible the city might allow the operator to raise its fees, including the $95 cost of an annual membership,” The Daily News reported.
“City officials and transportation advocates have blamed the problems on senior management of Alta Bicycle Share, the parent company of NYC Bicycle Share. Alta is based in Portland, Ore.,” The Daily News article Thursday continued.