Citi Bike memberships plummet after dismal service in 2014

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Citi Bikes in snowJanuary 12, 2015- The Post reports, “The city’s bike-share membership is hitting the skids. A plunge in CitiBike rides has wiped out the more than 50 percent boost to its coffers from a fare hike in November, data show. NYC Bike Share, which runs CitiBike, took in about $360,000 from members that month — a 20 percent drop from the same month a year earlier, data show. The money drain came even as the cost of annual membership jumped more than 50 percent, from $95 to $149 on Nov. 1. “I think a lot of people are frustrated. [CitiBike] needs to be as reliable as the subway — and it isn’t,” said CitiBike blogger Ed Rademakers. “People don’t renew, or they buy their own bike.””

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