A sponsorship deal from Lyft, which owns the bike share provider Motivate, would expand Divvy bike service to every ward in Chicago.
The new Divvy contract may dramatically increase the reach of the service. "Under the proposed amendment, Lyft would expand the system to all 50 wards by 2021, adding 10,500 bikes and 175 stations. That would bring the total to about 16,500 bikes and 800 stations," writes John Greenfield. To achieve the expansion, Lyft would make a financial investment of $50 million. Currently, Divvy service is available in the city center and many, but not all, of the city's neighborhoods, meaning riders cannot drop of bikes in all of the city’s neighborhoods.
Beyond the expansion of service, the deal would also restructure the financial aspects of the service. "Additionally, the city asserts, the amendment would restructure the financial terms of the contract to 'dramatically' increase annual guaranteed revenues and reduce financial risk to the city," Greenfield reports. Divvy profits would go back to Divvy and the city would be paid an agreed-upon rate each year, and in exchange the city would receive a fixed amount of funding that it could budget against.
FULL STORY: Lyft May Spend $50M to Expand Divvy to All Wards, Using Dockless-Option eBikes
Lyft to Buy Motivate, One of America's Largest Bike Share Providers
Motivate operates Ford Gobike in the Bay Area, Citi Bike in New York and Divvy in Chicago among other bike share fleets.
Chicago Bike Share Expands Citywide
Divvy is now available in all 50 wards, with more stations and bikes planned for the system in the next two years.
A Bikeshare Showdown Between Uber and Lyft
Lyft may soon not be the sole bikeshare operation in San Francisco as the city looks to expand the system and open the market up to other companies.
Amtrak Ramping Up Infrastructure Projects
Thanks to federal funding from the 2021 infrastructure act, the agency plans to triple its investment in infrastructure improvements and new routes in the next two years.
Ending Downtown San Francisco’s ‘Doom Loop’
A new public space project offers an ambitious vision—so why is the city implementing it at such a small scale?
Proposal Would Transform L.A.’s ‘Freeway to Nowhere’ Into Park, Housing
A never-completed freeway segment could see new life as a mixed-use development with housing, commercial space, and one of the county’s largest parks.
Report: Bike Lanes Can't Make up for New Roads
If California wants to meet its climate goals, the state must stop funding its myriad road construction and expansion projects.
Minneapolis Affordable Housing Project Largest in 20 Years
The city opened its first large multifamily affordable housing complex in decades, but a recent court ruling against the Minneapolis 2040 rezoning plan could jeopardize future projects.
NYC Mayor Proposes Eliminating Parking Minimums
Mayor Adams wants to stop requiring off-site parking for new buildings to reduce the costs of construction as part of the ‘City of Yes’ package of zoning reforms.
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