11 a.m. — CicLavia just started an hour ago and already there has been a major announcement from L.A. City Mayor and Metro Board Chair Antonio Villaraigosa: a private bike sharing company will soon be coming to L.A. with 4,000 bikes and 400 stations.

At a 9:30 a.m. press conference near Olvera Street, the mayor unveiled plans by Bike Nation, a local bike sharing company, for a $16 million bike sharing program over the next two years in downtown L.A., Hollywood, Playa Del Rey, Westwood and Venice Beach.

“Whether your destination is work, a train, a bus or your local restaurant, these bikes will get you there. Bike Nation’s new venture reflects a sea-change in our city,” the mayor said.

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