Spin, the operator of Seattle’s dwindling bright orange bicycles, is shutting down service in the city.
The news comes a few weeks after Ofo announced it will be pulling its yellow bikes from the Seattle market. That leaves just Lime. The three companies were permitted to operate under a year-long pilot program launched last summer.
In July, the Seattle City Council approved a fee structure for its permanent bikeshare program. Going forward, up to four bikeshare companies will be allowed to operate in Seattle if each pays an annual permit fee of $250,000. So far, Lime is the only taker.
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