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Jersey City switches City Bike contract to Lyft; administration says deal removes city subsidy and adds modest revenue share
Summary
The city presented a three-year no-cost contract with Lyft to operate City Bike in Jersey City and Hoboken; the contract eliminates a prior annual subsidy and gives Jersey City 1% of revenue above $2 million (split with Hoboken), with estimated city revenue of $8,000–$12,000 annually. Council asked for five-year revenue and cost history, ridership-origin data, dock maps, and safety/enforcement statistics.
City transportation staff told council on April 20 that a competitively procured concession contract will award Lyft the bike- and scooter-share concession for Jersey City and Hoboken for three years with two one-year extensions. The administration said the contract is structured at no cost to the city and includes a modest revenue share: the city receives 1% of Lyft’s annual system revenue above $2 million, split with Hoboken according to origin-based ridership (Jersey City historically comprises about 60% of trips).
Transportation planner Eli…
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