And they are staying open until December this year, and opening a month early, with plans to add 10-15 more stations, all in all a steady progression towards more and better Hubway service. If you live in Cambridge you will get to use Hubway all winter!
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BOSTON — The operator of bike share Hubway is getting new owners and winter service is expanding in Boston. Here’s what riders need to know about the Hubway news this week:
Bike share acquisition deal
Alta Bicycle Share, which is contracted by Boston, Brookline, Somerville and Cambridge to operate Hubway, has entered into an agreement to be acquired by investment group Bikeshare Holdings LLC. The newly formed investment group includes the CEOs of Equinox Fitness Clubs and real estate firm Related Companies.
In addition to Boston, Alta Bicycle Share currently runs bicycle shares in New York, Washington, D.C., Chicago, San Francisco, Toronto, Chattanooga, Tennessee, and Melbourne, Australia.
In announcing the deal Tuesday, the company said the acquisition will bring in more capital and allow them to expand operations and serve more riders. (read more)
