It’s official: Alta Bicycle Share, the company that runs Citi Bike, has a new owner, an infusion of cash, and a fresh face at the top — longtime transit executive Jay Walder.
What about the other Alta bike-share cities? “Look, it’s the first day for me. We don’t have all the answers,” Walder said. “Arrangements in each city are a little bit different.” Walder said he will be traveling to each of the cities where Alta does business to work out a plan for each system with local transportation officials.
For a more local take, here's Aaron Weiner of City Paper
But for Capital Bikeshare, the deal can probably only be good news. Bikeshare's expansion ground to a halt this year after Alta's main equipment supplier filed for bankruptcy, leaving D.C. without a way to procure new bikes and docks.