NYC to put bike sharing program in motion

A new bike sharing program will be set into motion across New York City this summer.

Riders will be able to access thousands of bicycles at 600 docking stations for an annual fee of $95 starting in July. They'll be able to take the bikes from station to station for rides of up to 45 minutes.

The program is not using taxpayer dollars and will launch thanks to the sponsorship of CitiGroup.

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