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.
Depopulation Patterns Get Weird
A recent ranking of “declining” cities heavily features some of the most expensive cities in the country — including New York City and a half-dozen in the San Francisco Bay Area.
Pennsylvania Mall Conversion Bill Passes House
If passed, the bill would promote the adaptive reuse of defunct commercial buildings.
California Exodus: Population Drops Below 39 Million
Never mind the 40 million that demographers predicted the Golden State would reach by 2018. The state's population dipped below 39 million to 38.965 million last July, according to Census data released in March, the lowest since 2015.
Google Maps Introduces New Transit, EV Features
It will now be easier to find electric car charging stations and transit options.
Ohio Lawmakers Propose Incentivizing Housing Production
A proposed bill would take a carrot approach to stimulating housing production through a grant program that would reward cities that implement pro-housing policies.
Chicago Awarded $2M Reconnecting Communities Grant
Community advocates say the city’s plan may not do enough to reverse the negative impacts of a major expressway.
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