Politics, Weather, Photography, and the Dog
Thursday 29 May 2014

Crain's reported this morning that the Divvy bike-share program lost $150k on $2.2 million in revenue last year:

Though the operating loss is not unexpected, and the amount is relatively small, it comes at a time when Mr. Emanuel is under intense pressure to cut costs and avoid tax increases. The bicycle-sharing program has not yet reached many neighborhoods, reinforcing a view that Divvy is merely a toy for yuppies and tourists.

With the program expected to ramp up this year, achieving profitability is crucial to its long-term success. The administration expects Divvy to at least break even this year.

The program has proved popular with out-of-towners, but it must win over more price-sensitive customers, such as city residents.

So, the program seems on track, and the $12.5-million infusion from Blue Cross certainly hasn't hurt. I'm encouraged.

Thursday 29 May 2014 11:41:09 CDT (UTC-05:00)  |  | Biking | Chicago#
On this page....
Modest Divvy program losses last year
The Daily Parker +3617d 01h 51m
Whiskey Fest 21d 07h 52m
My next birthday 330d 21h 16m
Parker's 10th birthday 250d 11h 22m
Aviation (380) Baseball (114) Best Bars (10) Biking (46) Chicago (1039) Cubs (199) Duke (134) Geography (386) Higher Ground (5) Jokes (284) Kitchen Sink (743) London (86) Parker (207) Daily (204) Photography (171) Politics (312) US (1185) World (297) Raleigh (21) Readings (8) Religion (69) San Francisco (96) Software (235) Blogs (93) Business (263) Cloud (96) Cool links (157) Security (113) Travel (302) Weather (782) Astronomy (108) Windows Azure (65) Work (112) Writing (15)
<October 2015>
Full archive
David Braverman and Parker
David Braverman is the Chief Technology Officer of Holden International in Chicago, and the creator of Weather Now. Parker is the most adorable dog on the planet, 80% of the time.
All content Copyright ©2015 David Braverman.
Creative Commons License
The Daily Parker by David Braverman is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License, excluding photographs, which may not be republished unless otherwise noted.
Admin Login
Sign In
Blog Stats
Total Posts: 4990
This Year: 376
This Month: 12
This Week: 8
Comments: 0