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Citi Bikes It Is: Citi to Sponsor New York Bike-Share

11:17 AM EDT on May 7, 2012

Banking giant Citi will be the primary sponsor of New York's bike-share system, set to launch this summer with 600 stations and 10,000 bikes in Manhattan and Brooklyn.

Mayor Bloomberg and NYC DOT Commissioner Janette Sadik-Khan made the announcement a short while ago at City Hall, where bikes and a logo-adorned station are temporarily on display.

We'll have more on this morning's event later today. For now, enjoy the photos -- and congratulations to reader Mike, who called it.

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