According to an article in today's NY Times
The arrangement would wrest control from Alta, the company, based in Portland, Ore., that has partnered with the city to date, and give it to REQX, a venture formed by some principals of the real estate firm Related and the fitness chain Equinox. REQX would also assume a majority stake in Alta’s other systems, in cities like Boston, Washington and Melbourne, Australia. The agreement could be announced as early as this week, though officials cautioned that a deal had not been completed.
I'm not sure what thtat means. Does REQX take over operations from Alta?
Update: Here's more.