Citi Bike Rate Hike Being Considered

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    NEWSLETTERS

    TK
    AP

    A Citi Bike rate hike is being considered as the company that runs the bike rental program is struggling to make money, according to a published report.

    Department of Transportation Commissioner Polly Trottenberg told the Daily News Thursday that "all options are on the table."

    The Bloomberg administration said in October that the operator was not making a profit, despite the popularity of the program. The DOT told the News last year that the company, NYC Bike Share, would have to document higher operating costs to raise rates.

    Annual memberships cost $95 and a seven-day pass is $25. The daily pass is $9.95.

    The program does not get public funding.