The speed limit, which was imposed in the final months of last year, correlated with higher profits for Citi Bike. Records show the service turned a $24.7 million profit in 2025 as ridership reached record highs, up from a $6.8 million profit the year before.
They definitely do not need or have earned city subsities.!
"'The policy to lower the Citi Bike speed limit was a sensible safety policy, but the implication for the impact on riders is that we pay more to get where we need to go,' said Councilmember Lincoln Restler, who introduced legislation to lower the bike share fares."