New ownership for Hubway bike-share program in Boston
Hubway, Boston’s bike-sharing system, is getting new owners who say they’ll double its size in the next three years.
A private investor group headed by the chief executive of real estate firm Related is buying Alta Bicycle Share, which operates Hubway, and will move its headquarters from Portland, Ore. to New York City.
Alta runs New York’s Citi Bike as well as bike-share programs in Chicago, Boston, Toronto, Washington and other cities.
In Boston, officials said the change of ownership will not result in any immediate changes from the sale.
“The City of Boston currently manages the Hubway program, and we’re at the beginning of a three-year contract.” said Nicole Freedman, the director of Boston Bikes, the city agency that oversees the city’s cycling programs. “We do not anticip
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