Saturday, August 4, 2012

New York City Tells Little About Bike-Share Delay

 
====>    New York City Tells Little About Bike-Share Delay - NYTimes.com
ALTA, the city,  and Citibank will not reveal the real reason why the lauded bike share program is out of gear and the chain keeps slipping off.  No one is leaking any information but it looks like this ambitious effort may prove to be a flat tire. Looks like Citibank is now the one being asked for a bailout and stuck with the bill.  How do Citibank investors and depositors feel if this turns out to be a $42 million boondoggle?